Wedbush analysts predict that Apple will become the first corporation to reach $4 trillion in market capitalisation.

The analysts noted in a letter to investors on Sunday that they anticipate the valuation of the iPhone manufacturer to reach that level in 2025, followed by Nvidia.

Apple's stock has risen more than 24% so far this year, helped in part by optimism that the tech giant's intentions to improve its products with new AI-powered features will boost the lately weak demand for iPhones.

According to some observers, the "Apple Intelligence" capabilities, which are supposedly going to be included in this week's batch of upgrades to Apple's most recent 18 iPhone operating platform, could encourage more people to switch from their older models to the new ones. Chief executive Tim Cook hailed the Apple Intelligence system earlier this year as the company's "next big step." The technology uses artificial intelligence (AI) to enhance Siri, the company's voice assistant, and provide more individualised offers.

They maintain their target of $300 a share for the tech giant.

(Sources: investing.com, reuters.com)