The initial reaction to Apple’s (NASDAQ: AAPL) announcement that it has partnered up with OpenAI to integrate artificial intelligence (AI) with its new smartphone, tablet, and computer operating systems was rather tame, even seeing a modest stock market drop.
These first moves prompted speculation that the partnership may be just the latest in the string of the technology giant’s middling attempts to bolster its lackluster 2024 growth and even that AI itself may have lost some of its luster for investors.
The situation rapidly changed at the market’s opening on June 11 as the stock began surging and crossed the $200 threshold. By the end of the trading day, AAPL had risen 7.26% to a new all-time high (ATH) of $207.15 and Apple price today – after accounting for the extended session – stands at $207.70.
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Given the stellar June 11 performance and crossing above $200, FInbold decided to consult ChatGPT-4o – the most advanced model of the flagship AI platform of Apple’s newest partner, OpenAI – about when, and indeed if, AAPL shares can reach $300.
ChatGPT-4o explains whether AAPL stock can reach $300
In its assessment of whether Apple stock may reach $300, ChatGPT first analyzed the recent happenings pertaining to the company and concluded there are multiple factors in support of the notion.
According to AI, the main positive factors are Apple’s significant cash reserves, its strong position in the overall ecosystem and established track record for innovation, its smartphone market position, which is generally dominant and truly contested only by Samsung, and finally, the big tech firm’s expanding services branch.
ChatGPT, however, also acknowledged that there are multiple challenges Apple is facing in its quest to hit $300 per share.
Per the AI, the areas of greatest concern are the smartphone market saturation, risks of regulatory pressure in areas such as antitrust, and the general economic uncertainty that has been weighing heavily on investors’ minds in recent years.
Ultimately, however, ChatGPT concluded that it is indeed possible for Apple to reach $300 per share but that it would require multiple positive factors to align.
ChatGPT predicts when AAPL stock might reach $300
After it analyzed the factors likely to impact Apple’s future growth, ChatGPT concluded that, if the company continues innovating on existing products and launching new and successful ones and continues expanding its services, it may indeed reach $300 sometime in 2025 or 2026.
According to the AI, such action by the blue-chip giant would help with earnings growth, which would, in turn, help with investor sentiment.
Interestingly, ChatGPT also specified that a broader market recovery would also be a prerequisite for growth to a price of $300 per share.
When asked if it could make a more specific prediction, the AI opted for the very end of its time frame and stated that, should the positive factors it mentioned be taken advantage of without any accompanying calamities, Apple could hit $300 by December 31, 2026.
Finally, ChatGPT explained that it settled for the very end of its predicted window as the most likely date to account for production cycles, AAPL’s historical performance, and risk.
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Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
