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5-Star Analyst Delivers Bullish Message for Apple Stock Fans
GuruFocus ·
GuruFocus reports: Apple shares were in focus Thursday after top analyst Dan Ives argued that the company's artificial intelligence push could add about $75 a share to its valuation. Ives sees AI becoming a broader driver for Apple's hardware and services businesses. He estimates AI-related revenue could eventually represent more than 15% of Services revenue as the company integrates the technology across its devices and ecosystem. The analyst also pointed to a potentially large upgrade…