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Wedbush Maintains Bullish View on Apple (AAPL) despite AI Delay Concerns

Apple Inc. (NASDAQ:AAPL) is included among the 14 Best Warren Buffett Dividend Stocks to Buy.

On February 17, Wedbush maintained an Outperform rating on Apple Inc. (NASDAQ:AAPL), with a $350 price target. The firm said that the stock has declined in recent weeks as investors worried that some of its expected AI upgrades, especially those tied to Siri, could be delayed. The firm noted that investors have been frustrated after watching what it called a “soap opera” over the past year, reflecting ongoing concerns about Cupertino’s AI direction. Despite this, Wedbush believes the recent pullback is not justified. The firm said the priority for Apple is getting its AI strategy right, and it still expects the company to roll out its more advanced AI features by the summer. That timeline, in Wedbush’s view, remains on track.

At the same time, Apple is continuing to develop new AI-focused hardware. According to a February 17 Bloomberg report, the company is speeding up work on three wearable devices as part of its broader push into AI-powered products. This reflects a wider shift across the tech industry, with companies like OpenAI and Meta Platforms also investing in similar technologies.

People familiar with the plans said Apple is developing smart glasses, a wearable pendant that can be clipped to clothing or worn around the neck, and AirPods with expanded AI capabilities. These devices will be built around Siri, which will use visual context to better understand user needs and carry out tasks. The products will connect to the iPhone and rely on camera systems with different levels of capability. The people shared the information anonymously because the plans have not been publicly announced. Apple declined to comment.

Apple Inc. (NASDAQ:AAPL) is a major technology company that designs, manufactures, and sells consumer electronics, software, and digital services worldwide.

While we acknowledge the potential of AAPL to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AAPL and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 14 Best Real Estate Stocks to Buy According to Hedge Funds and 16 Best Dividend Stocks with Rising Payouts

Disclosure: None.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

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And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

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