Jim Cramer Discusses President Trump’s Big Announcement For Apple (AAPL)

We recently published Jim Cramer Discussed Expensive Phones, A Cheap Stock Sector & These 18 Stocks. Apple Inc. (NASDAQ:AAPL) is one of the stocks discussed by Jim Cramer.

Consumer electronics giant Apple Inc. (NASDAQ:AAPL)’s shares are up by 47% over the past year and by 9.9% year-to-date. Several analysts have discussed the firm in June. For instance, Bernstein reiterated an Outperform rating and a $350 share price target on June 9th. The financial firm commented that the firm’s WWDC conference marked a key step towards AI monetization. It added that Apple Inc. (NASDAQ:AAPL) had also partnered with Google for its foundational AI models. On the same day, Maxin raised the share price target to $350 from $310 and outlined that it was optimistic about Siri’s future. Another aspect of Apple Inc. (NASDAQ:AAPL) that’s being discussed these days is the firm’s chip manufacturing plans. Cramer discussed President Trump’s claim that the firm had partnered up with US chip giant Intel:

“I know i pushed club members hard yesterday to buy Intel, I have not been able to confirm the Intel-AAPL deal that the president posted about in Truth Social. Hold on!”

Jim Cramer Discusses President Trump's Big Announcement For Apple (AAPL)

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