$AAPL - WEDBUSH: SUBRAMANYA IS “THE RIGHT HIRE AT THE RIGHT TIME” FOR APPLE Wedbush reiterated its Outperform rating and $320 target on Apple after the company announced that longtime AI chief John Giannandrea will step down, staying on as an advisor until 2026. Apple has hired Amar Subramanya—formerly at Microsoft and Google’s DeepMind—to lead foundation models, ML research, and AI safety. Wedbush says the hire comes as Apple races to strengthen its AI strategy and rebuild talent amid increased competition.