While ChatGPT’s advanced artificial intelligence (AI) assessed that the lineup of new iPhone products – including the highly anticipated iPhone Duo – will prove a bullish catalyst for Apple (NASDAQ: AAPL) stock, it still fell short of forecasting a breakout to new highs.
OpenAI’s flagship model focused on the blue-chip technology giant’s traditional resilience recently demonstrated despite the wider smartphone market contraction, and the generally strong demand for new products. It also highlighted that the iPhone Duo represents a genuinely new and interesting product, but underlined that Apple did not pioneer such devices.
Still, ChatGPT also explained that foldable smartphones are unlikely to see blockbuster sales in their own right and, though it concluded that the focus on ‘Pro’ devices indicates the company is doubling down on its strengths, the high price point all but prevents impressive order numbers.
Ultimately, after weighing the bullish and bearish factors, as well as the positive developments already priced in, the AI determined that the launch will have a moderately upward effect. Thus, ChatGPT set its Apple stock price target for the October 23, 2026, launch of iPhone Duo at $335: 6.23% above the latest close at $315.34.
2026 Apple stock price performance
Meanwhile, though the year featured multiple reversals for AAPL shares and the equity failed to retain the July highs above $340, 2026 has been a strong year for the blue-chip technology giant.
Indeed, after closing at PRICE on January 2 and falling below $250 both in January and March, Apple stock started climbing shortly before the summer and has, in the grand scheme of things, retained the uptrend by the September 9 close.
Specifically, AAPL shares were, at Wednesday’s $315.34 close, 16.36% in the green year-to-date (YTD).
Still, the equity’s performance in the Thursday pre-market – hours after the iPhone Duo and the rest of the lineup were showcased – indicates that ChatGPT’s conservative assessment might be more accurate than Apple investors might like.
So far, the equity climbed only 1.12% relative to the most recent close and is changing hands at $318.88 at press time on September 10.
Featured image via Shutterstock
