Forbes on Nostr: Apple Stock Hits All-Time High On AI iPhone Optimism—Crosses $200 Per Share ...
Apple Stock Hits All-Time High On AI iPhone Optimism—Crosses $200 Per Share
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Apple stock reached an all-time high, crossing $200 per share, as Wall Street responded positively to Apple's announcement of generative artificial intelligence (AI) plans. The stock rose as much as 5% to $202.44 within an hour of the stock market's open, adding $125 billion to Apple's market capitalization. The rally came after Apple unveiled various AI features, including the integration of OpenAI's ChatGPT into iPhone applications. JPMorgan analysts expect the AI enhancements to drive an upgrade cycle with the launch of the iPhone 16 and iOS18 in the fall. Apple's stock is up 4.6% year-to-date, indicating a turnaround from being down 12% at the end of April. Apple's AI plans were kept more secretive compared to other tech giants like Google, Facebook, and Microsoft. Despite the rally, Apple remains behind Microsoft as the world's most valuable company.
#Apple #StockMarket #ArtificialIntelligence #Iphone #Openai
https://www.forbes.com/sites/dereksaul/2024/06/11/apple-stock-hits-all-time-high-on-ai-iphone-optimism-crosses-200-per-share/
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Apple stock reached an all-time high, crossing $200 per share, as Wall Street responded positively to Apple's announcement of generative artificial intelligence (AI) plans. The stock rose as much as 5% to $202.44 within an hour of the stock market's open, adding $125 billion to Apple's market capitalization. The rally came after Apple unveiled various AI features, including the integration of OpenAI's ChatGPT into iPhone applications. JPMorgan analysts expect the AI enhancements to drive an upgrade cycle with the launch of the iPhone 16 and iOS18 in the fall. Apple's stock is up 4.6% year-to-date, indicating a turnaround from being down 12% at the end of April. Apple's AI plans were kept more secretive compared to other tech giants like Google, Facebook, and Microsoft. Despite the rally, Apple remains behind Microsoft as the world's most valuable company.
#Apple #StockMarket #ArtificialIntelligence #Iphone #Openai
https://www.forbes.com/sites/dereksaul/2024/06/11/apple-stock-hits-all-time-high-on-ai-iphone-optimism-crosses-200-per-share/