Bank of America has raised its price target on Apple (NASDAQ: AAPL) to $380 from $330, with analyst Wamsi Mohan reiterating a Buy rating on the stock. The call, issued on May 26, reflects a broader thesis that Apple does not need to win the artificial intelligence model competition to come out ahead in the next phase of AI development. Mohan’s upgraded target signals growing confidence among institutional analysts that Apple’s path through the A…