Siri, Apple's digital assistant, will soon be getting an upgrade.
Apple Inc. investors who want to profit from the boost the iPhone maker enjoyed this week after unveiling its AI strategy but who are balking at the stock's record levels could look at its bonds instead.
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Investors are flocking to Apple following the launch of Apple Intelligence. The move should help encourage more iPhone upgrades.
The discussion emphasizes how a small number of tech stocks, including Apple (NASDAQ: AAPL), have driven the market higher, but a single major miss in earnings from another key tech company could trigger a significant correction.
That's Steve Eisman of “Big Short” fame telling CNBC that Apple Inc. AAPL, +0.18%, which he had previously identified as a “hidden” artificial-intelligence play, remains crucial to an AI story that will continue to broaden out.
On the surface, the partnership looks like a significant redrawing of the technology map.
Apple Inc. (AAPL, Financial) has seen its shares pick up since March, after significantly trailing behind the rest of the big tech sector. Despite a sharp recovery, the stock is currently 2% below its all-time high.
As of June 13, 2024, three stocks in the information technology sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
Apple's stock is up 4% for the year, trailing the overall S&P 500's YTD gain of 13%. But investors are hoping the iPhone maker's plans to bolster its artificial intelligence (AI) capabilities will give the stock a much-needed boost to continue staying in the green.
Shares of Apple soared on Tuesday when the company announced artificial intelligence software called Apple Intelligence. Analysts largely expect iPhone sales to accelerate, fueled by consumer interest in AI.
Apple Inc's (NASDAQ:AAPL, ETR:APC)introduction of Apple Intelligence, a suite of generative artificial intelligence (AI) features is poised to enhance the user experience across the iPhone maker's ecosystem - and could be a springboard for significant earnings growth next year and beyond. That at least is the conclusion of Goldman Sachs in a research note providing its highlights from the tech giant's Worldwide Developers Conference (WWDC) held earlier this week.