Core Viewpoint - Apple's stock price reached a record high in mid-November, driven by a bullish stock market influenced by artificial intelligence, but later dipped due to concerns about the sustainability of the AI bubble [1] Group 1: Stock Performance - Apple's shares closed at $277.20 on November 25, with speculation that they could hit $300 before the end of the year [2] - As of November 26, Apple's stock has increased approximately 14% for the year, lagging behind other tech stocks like Alphabet and Nvidia, which gained 67% and 30% respectively [4] - The overall performance of Wall Street has been inconsistent, impacting the potential for Apple's stock to reach $300 by the end of the year [5] Group 2: Market Dynamics - Analysts express concern that Apple's growth is heavily reliant on the iPhone, and the company has less potential upside from AI compared to other tech giants [5] - A market regain in momentum could provide Apple a "real shot" at reaching $300 a share by the end of 2025, according to industry experts [6] - The stock is in a healthy long-term uptrend, with strong buying support around the 200-day average during major pullbacks, indicating that stability and continued demand for its ecosystem are crucial for growth [7]
Experts Weigh In: Can Apple’s Stock Inch Past $300 per Share Before Year’s End?