Reported 2 days ago
Apple's shares surged over 3% on Monday, defying a broader downturn in tech stocks caused by concerns over AI investments, particularly following the emergence of a cost-effective AI model from China's DeepSeek. Analysts suggest that the efficiency of DeepSeek's technology could bode well for Apple's ability to develop AI-capable devices more affordably. While other tech giants saw declines, Apple's relatively modest AI spending now appears advantageous in this shifting market landscape.
Source: YAHOO