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STOCKS | Apple Shares Rise 50% in a Year as Morgan Stanley Cites AI-Led Upgrade Cycle

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2026-06-24 15:14:18
Apple shares have risen 50% over the past year, and Wall Street has remained positive despite an 8% to 10% pullback from June highs. According to NS3.AI, Morgan Stanley said Apple’s AI rollout could drive the company’s biggest hardware upgrade wave since 5G.

The report also said Apple approved a $100 billion share buyback and raised its dividend by 4% to $0.27 per share alongside its Q2 2026 results.
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