Apple (AAPL) WWDC 2024: Stock's Rally Hinges on Whether AI Event Delivers
Jun 11, 2024 - bloomberg.com
Apple Inc.'s artificial intelligence (AI) plans are set to take center stage at the company's annual Worldwide Developers Conference. The tech giant's AI strategy is seen as crucial to sustaining the $471 billion rally that has revived its stock. Investors are hopeful that new AI features will be appealing enough to convince consumers to purchase the next generation of iPhones, thereby offsetting the view that Apple has limited growth catalysts.
The anticipation for Apple's AI plans has been steadily increasing, with the company's AI developments expected to be a key focus of the conference. The success of these plans could potentially counteract the perception that Apple lacks significant catalysts for growth, and could further boost the company's stock.
Key takeaways:
Apple Inc.'s artificial intelligence plans are at a crucial point, with the company's annual Worldwide Developers Conference expected to focus on AI.
The company's stock has seen a $471 billion rally, rescuing it from a slump.
Investors are hopeful that new AI features will be attractive enough for consumers to invest in the next generation of iPhones.
There is a perception that Apple lacks catalysts for growth, which these new AI features could potentially counter.
