"We believe many bears and long time Apple naysayers that have missed the last $1 trillion+ upward move in market cap for Apple have miscalculated three very important dynamics of the Apple story."

Read More Daniel Ives: Apple on track to hit $4 trillion by early 2025

"This will be a multi-year AI journey that will define the future for Apple with its next generation chip architecture, hardware releases, and future iPhone models built around the AI foundation that many consumers will ultimately embrace."

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