Apple stock remains our top pick in tech hardware – Evercore ISI

Apple drew investor attention on Wednesday after Evercore ISI reaffirmed it as the firm’s top stock pick in the technology hardware sector, highlighting robust iPhone demand.
The stock traded slightly lower during the morning session.“AAPL remains our top pick across our hardware coverage, as we believe it’s poised to outperform [near-term] expectations on a strong iPhone cycle and the potential around an AI Siri upgrade,” analysts at Evercore ISI stated in a client note