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Why Apple stock remains a buy even after Apple Intelligence and Siri delays

  • Citi Research analysts suggest that Apple’s stock could soar to $300 as investors recalibrate their expectations for the launch of an AI-enhanced Siri upgrade.
  • Apple stock is nearing their bear case, with the price seen rising as high as $300 after a selloff following the delayed rollout of Siri with Apple Intelligence.
  • Citi argues that despite the lack of clear timelines, Apple is expected to reset Siri software expectations on its next earnings call in May.
  • Investors can anticipate a significant Siri update with on-screen awareness, personal context, deep app integration, and more advanced Siri in the coming years.

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