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Wednesday, October 16, 2024

Optimism in artificial intelligence pushes Apple stock to a historic high

Optimism in artificial intelligence pushes Apple stock to a historic high

Shares rose as much as 2.7 percent to $237.49, surpassing the previous peak reached in July.

This rise also strengthened his position Apple As the largest company in the world, with a market value of more than $3.6 trillion.

And he bears witness Technology sector The US stock has seen strong growth in general, but Apple’s stock is witnessing particularly strong progress. Stocks have risen by 37 percent over the past six months, and this increase represents more than double the rise in the Nasdaq 100 index of only 15.5 percent during the same period, according to Bloomberg.

Apple received a lot of attention, especially after the launch of the new iPhone 16 phone supported by artificial intelligence features, which went on sale last month. Earlier on Tuesday, the company introduced a new iPad mini designed with similar capabilities.

Analysts believe that Apple’s efforts in the field of… artificial intelligenceincluding “Apple Intelligence“, attracts customers to upgrade to its latest devices, which boosts its sales.

Expectations indicate that Apple It could sell nearly 500 million iPhones over the next two years thanks to this new technology.



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