Posted 4/12/2024, 3:52:00 PM
Apple Stock Rises on Report of Major AI Push for Macs and iPhones
- Apple stock rose nearly 2% on report it plans major AI-focused overhaul of Mac lineup using new M4 chips
- Aims to add AI features to Macs late this year and into 2023 as well as upcoming iPhone 16
- Analysts say Apple likely to tout AI innovations at June's Worldwide Developers Conference
- Apple stock recently regained 50-day moving average, now trades around $175
- Analysts see pullback in Apple shares as "enticing opportunity" with potential for pricing and revenue growth