Apple shares closed at an all-time high Thursday after Wedbush analysts raised their price target for the stock, telling clients they expect the iPhone maker could be headed for a "golden era of growth" driven by demand for artificial intelligence.

Apple shares edged lower in early Thursday trading but a longtime bull on the stock suggests its march to a $4 trillion valuation "is still being underestimated by" Wall Street. Apple (AAPL) shares have risen nearly 10% over the past month,

Apple is on the cusp of an artificial-intelligence-fueled “golden era of growth,” Wedbush analysts argued Thursday as they raised their price target on shares of the tech giant. The analysts increased their price target to $325,