Reported about 1 year ago
Shares of Apple jumped as much as 6.7% on Tuesday morning after the company revealed its artificial intelligence (AI) plans at the Worldwide Developer Conference. CEO Tim Cook introduced Apple Intelligence, bringing on-device generative AI processing and improvements to Siri and ChatGPT. Analysts are now bullish on Apple, with Wedbush expecting an AI-driven iPhone upgrade cycle and projecting a $30 to $40 per share growth from AI initiatives.
Source: YAHOO