Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
On Wednesday, Apple Inc. shares surged to a record high after investors welcomed the company's new Siri AI beta and progress on Apple Intelligence, with prominent analysts Gene Munster and Ming-Chi Kuo saying the rally reflects growing confidence in Apple's AI strategy.
Deepwater Asset Management managing partner Gene Munster highlighted Apple's market outperformance after the stock climbed 4.01% to close at $327.50, while the Nasdaq gained just 0.5%.
"The new Siri AI in iOS 27 public beta released yesterday gives investors concrete evidence that Apple finally has the AI chops it's long been missing," Munster wrote on X, adding that the moment resembled the setup that "fueled Google's sharp rerating in April 2025."
A single bad hire can set a startup back years. Here are the 5 hires founders most often misjudge — and why
Still Learning the Market? These 50 Must-Know Terms Can Help You Catch Up Fast
After testing the beta for a day, Munster said, "I can attest it's like having a new phone."
$AAPL closed up 4% vs the Nasdaq up 0.5%.The new Siri AI in iOS 27 public beta released yesterday gives investors concrete evidence that Apple finally has the AI chops it's long been missing. This is the same setup that fueled Google's sharp rerating in April 2025. After…
— Gene Munster (@munster_gene) July 15, 2026
Separately, Apple analyst Ming-Chi Kuo said the stock's climb was in line with his earlier forecast.
"I rarely make public calls on stock price trends," Kuo wrote on X, noting that before WWDC 2026 he had predicted Apple would enjoy a positive share-price trend in the second half of 2026 as long as its "core bull narrative" remained intact.
Trending: Avoid the #1 Investing Mistake: How Your 'Safe' Holdings Could Be Costing You Big Time
Despite a post-WWDC sell-off and concerns over product price increases, Kuo said Apple has since reached an intraday all-time high, "consistent with the trend I forecast a month ago."
I rarely make public calls on stock price trends (industry research and stock price forecasting are two entirely different things). One recent exception came ahead of WWDC26, when I said I was positive on Apple's share-price trend in 2H26 and added: "…regardless of what Apple… https://t.co/np7NXybq6S pic.twitter.com/KNL1req9nz
— 郭明錤｜Ming-Chi Kuo (@mingchikuo) July 15, 2026
Apple shares touched a new 52-week high of $328.73 during Wednesday's session.
Source: Yahoo Finance Top News — This article was automatically imported from the source. Read full article at original source →
