“Apple Signal of AI Intent Unleashes $112 Billion Stock Surge”
April 17, 2024
“…Apple’s decision to overhaul its Mac computer line to focus on artificial intelligence, as reported by Bloomberg, struck a chord with investors, sending the stock up 4.3% and adding $112 billion in value in its best performance in nearly a year…
The broader hope for Apple investors is that AI will be the catalyst that spurs a re-acceleration of growth. Margins are tight as revenue has declined in four of the past five quarters, and analysts expect sales to contract by 4.6% in its second-quarter results, which will be released in coming weeks. While this represents some of Apple’s weakest growth in decades, the upside is revenue is expected to gradually rebound later this year…”
https://finance.yahoo.com/news/apple-signal-ai-intent-unleashes-114945606.html