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Wedbush Reiterates $270 Target on Apple (AAPL), Citing Hopes for AI Execution

Apple Inc. (NASDAQ:AAPL) is one of the 10 best tech stocks to buy according to billionaires right now. On June 10, following Apple’s keynote at the 2025 Worldwide Developers Conference (WWDC), Wedbush analyst Daniel Ives reaffirmed his Outperform rating on the stock, along with a $270 price target.

In his post-event note, Ives noted that while the presentation outlined Apple’s vision for the developer ecosystem, it offered limited new detail on the company’s artificial intelligence initiatives, an area where Apple appears to be moving cautiously, likely in response to last year’s strategic missteps.

A wide view of an Apple store, showing the range of products the company offers.

Notably, at the WWDC 2024, the company had given an ambitious roadmap to its Apple Intelligence and a transformation for smart AI assistant, Siri. However, the execution over these plans has lagged and the company’s AI strategy has been under scrutiny.

Fast forwarding to now, Ives believes Apple’s measured approach is understandable, but 2025 could be a critical year for the company to begin monetizing its AI efforts more visibly. He suggested that if internal development does not accelerate, the company may need to explore larger-scale AI acquisitions to strengthen its positioning in the space.

Although Apple may be seen as entering the AI race later than peers, Ives acknowledged that the company has begun laying the groundwork for a longer-term strategy. In his view, WWDC marked the start of Apple’s multi-year AI roadmap, with initial steps that could shape its direction through 2026 and beyond.

Apple Inc. (NASDAQ:AAPL) designs, manufactures, and markets innovative products, including the iPhone, iPad, Mac computers, Apple Watch, and Apple TV. The company also offers a range of software and services, such as the iOS and macOS operating systems, iCloud, advertising, payment services, Apple Music, and the App Store.

While we acknowledge the potential of AAPL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.

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?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • 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…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

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

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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