Apple shares closed at an all-time high Thursday after Wedbush analysts raised their price target for the stock, telling clients they expect the iPhone maker could be headed for a "golden era of growth" driven by demand for artificial intelligence.

Dan Ives' supply chain checks indicate that consumers like Apple's AI strategy, suggesting that the iPhone 16 cycle could be "a historical one."

While the tech giant initially lagged behind its peers in AI, Apple is now slowly establishing its presence. The unveiling of “ Apple Intelligence ” in June, its personal intelligence system combining the power of generative models with personal context and a strategic partnership with ChatGPT,

Israel Englander of Millennium Management sold 11.5 million shares of Apple, reducing his stake by 90%. Apple had been one of his 10 largest holdings, but it no longer ranks in the top 50. Meanwhile, Englander bought 225,760 shares of Tesla, increasing his position by 51%.

Geico, and pension plans of other Berkshire Hathaway units bought nearly $30 million of shares of domain-name registry firm VeriSign.

Warren Buffett, the CEO of Berkshire Hathaway, has made some notable changes to the company’s investment portfolio in 2024. According to the latest financial reports, Buffett has significantly reduced Berkshire’s largest holding,