Apple stock prices closed at $207.15 per share last night, increasing by 7.26% from the previous day. This marks a new all-time high for the company’s stock after a decrease following the WWDC24 conference announcement.
Key market analysts view the trend positively following Apple’s announcements at WWDC24, especially the enhancements in artificial intelligence with Apple Intelligence, including the revamped Siri, integration with ChatGPT, and on-device custom AI tools.
Analysts from Morgan Stanley believe that Apple’s AI capabilities, which require the latest iPhone models, will drive iPhone sales and customer upgrades, leading to an increase in iPhone sales growth rates after several years of decline.
Apple’s market capitalization now stands at $3.176 trillion, surpassing NVIDIA’s $2.974 trillion to become the second most valuable company. Microsoft retains its top position at $3.216 trillion.
Source: CNBC
TLDR: Apple’s stock prices surged to a new high of $207.15 per share following positive market reactions to its AI announcements at WWDC24, positioning the company for continued growth and market value dominance.
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