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Market 'under-appreciating AAPL's Edge AI initiatives' says Morgan Stanley

March 22, 2024 8:13 AM EDT

Morgan Stanley believes the market is currently underappreciating Apple's (NASDAQ: AAPL) Edge AI initiatives, adding that they see catalysts ahead for the stock.

The firm reiterated its Overweight rating and $220 price target on the stock, saying they see a positively skewed risk-reward at... More