Reported about 3 hours ago
Apple Inc. remains resilient amid a selloff in AI stocks, showing a modest gain while the Nasdaq 100 index fell. The iPhone maker's strong cash flow and balance sheet are attracting investors looking for stability in a turbulent market. Unlike its competitors, Apple is cautious in its AI investments, yet it plans to utilize an AI model from Alphabet for its Siri updates, which could position it favorably in the evolving AI landscape. Analysts foresee significant revenue potential in robotics for Apple, further enhancing its market standing.
Source: YAHOO