Reported 7 months ago
Apple's market value surged over 7% after introducing ChatGPT technology in devices in collaboration with OpenAI during WWDC, resulting in a $215 billion increase and a new all-time high market value of $3.18 trillion, surpassing Nvidia at $2.97 trillion and ranking second globally. The AI-driven iOS updates showcased at WWDC contributed to this surge, as analysts raised Apple's target stock price post-event, anticipating a boost in sales with the upcoming iPhone series release in fall. Apple is proactively integrating AI advancements across iOS software, including enhancing Siri's response capabilities and offering AI-driven features in various applications beyond a single-app restriction.
Source: YAHOO