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Apple’s record rally and AI patience face test in upcoming earnings

Bank of America expects Apple to post strength led by Services growth, but warns the shares’ record-high valuation raises the risk of an underwhelming report.

Reported · Written up by our desk · Previews

Ahead of Apple’s Thursday earnings, Bank of America is looking for a strong results outcome driven by growth in Services, according to MarketBeat Ratings.

Analysts also flagged that the stock is already trading at a record-high valuation, which they say leaves little margin for disappointment if the report falls short of expectations.

MarketBeat Ratings described this setup as a test for investors’ patience around Apple’s AI story, with the company’s ability to deliver in the quarter likely to influence how the market interprets that longer-term narrative.

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