News Summary

• Apple will do fine without Apple CarWedbush believes Apple's alleged move to cancel the development of the Apple Car provides a laser focus on what's next for the company — AI.
• According to a note from Wedbush seen by AppleInsier, Apple disbanding Project Titan and focusing that team on AI initiatives is the right move.
• The note is mostly positive, focusing on the potential of Apple's entry into more defined artificial intelligence features.
• Reliable sources say that Apple has ended work on Project Titan, meaning, if true, that an Apple Car will never see the light of day.
• Wedbush maintains an outperform rating with a price target of $250.Wesley Hilliard served ten years as a Nuclear Power Electrician in the US Navy, then jumped careers in 2019.
• This may disappoint some, but at least one investment firm is bullish about the move.