Apple's WWDC keynote on June 8 was billed as the most consequential developer conference in the company's history.
As the S&P 500 logs a 24th record close, CSCO, ADI, AMAT and DDOG stand out with strong 2026 potential amid AI-driven momentum.
The financial services company Morgan Stanley has raised its Apple (NASDAQ: AAPL) stock price target from $330 to $360 on Tuesday, June 9, keeping an ‘Overweight' rating on the iPhone maker.
Apple's newly introduced AI Siri will have limited use across much of the company's install base because older iPhones lack the capabilities to run advanced AI features, Morgan Stanley said in a research note on Tuesday.
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S&P 500 companies are pivoting hard back to shareholder returns, and the dividend declarations rolling in this spring have already locked in record-breaking streaks.
Friday's bloodbath for the tech and semiconductor stocks might have left a scar on the AI trade, but it might not take all too long for the wounds to heal, especially after an upbeat Monday session that saw semiconductors lead the comeback.
After climbing roughly 3% from $307.34 to $317.40 in the initial hours of the June 8 session, Apple (NASDAQ: AAPL) stock plunged 4.88% to its latest closing price of $301.54 for a $220 billion market capitalization wipe relative to the intraday highs.
Nvidia stock was edging up. A massive technology company will use its chips to power an AI revamp.
Apple (AAPL) unveiled Siri AI at WWDC, emphasizing privacy and integrating Apple Intelligence with a dedicated app and Visual Intelligence features. AAPL highlighted a strong developer ecosystem, with over 1,000 app submissions per hour and a privacy-focused AI partnership with Google Gemini.
Tom Forte, Maxim Group's Senior Consumer Internet Analyst, breaks down Apple's launch of Siri AI at WWDC event. While he says that it is "not detrimental" for Apple to be slow to market, he points out that as much as 40% of the company's sales could be affected by the unavailability of Siri AI in the Europe and China markets.