The article discusses the potential for Apple’s stock to rally in 2024, driven by the anticipated release of the iPhone 16 and the company’s integration of generative AI capabilities. According to Wedbush analyst Dan Ives, the iPhone 16 is expected to feature a “major redesign” and significant camera upgrades, which could drive a “supercycle” of consumer demand. Additionally, Ives believes that Apple’s integration of generative AI into its products and services, such as Siri and iCloud, could be a “game-changer” for the company. The article highlights Apple’s potential to capitalize on the generative AI trend, which has gained significant momentum with the success of ChatGPT and other AI models. Ives maintains an “Outperform” rating on Apple stock and a $205 price target, suggesting a potential upside of around 25% from current levels.