Apple stock reached a record high on Monday, closing over $250, up over 50% from its April lows. Optimism about future AI growth and iPhone sales remains strong, despite underwhelming reviews about Apple Intelligence. Analysts predict a potential AI-driven revenue boost with the iPhone 17 launch in 2025. Apple's services business is expected to provide stability amid lagging iPhone sales. Analysts project continued growth for Apple, with a price target of $265.
