Reported 6 months ago
Apple Inc. has turned positive for the year in 2024 after experiencing improving sentiment towards the company. The stock rose 0.9% in its sixth consecutive positive session, bringing its year-to-date increase to 0.8%. Following Apple's upbeat forecast in May and the announcement of a significant stock buyback program, there is optimism that incorporating AI into future iPhone models will drive revenue growth. Apple is also reportedly in talks with OpenAI and Alphabet Inc. to enhance its AI capabilities.
Source: YAHOO