Apple’s (AAPL) artificial intelligence rollout could drive demand for the iPhone 16 this holiday season — and send the tech giant’s market value to a new record high.

Apple is positioning itself for a significant market cap milestone as it plans to integrate new AI features and capitalize on a potential iPhone “supercycle,” according to Wedbush Securities analyst Dan Ives.

Apple is on fire. The company is closing in on a historic $4 trillion valuation, riding a wave of investor excitement over its long-overdue artificial intelligence (AI) upgrades. A 16% stock surge since early November has added $500 billion to its market cap,