[ad_1]
The stock market has punished Apple this year for failing to offer a vision of where its future growth will come from. The shares caught a bid on Thursday after the tech giant took a step toward providing an answer.
Apple’s decision to overhaul its Mac computer line to focus on AI struck a chord with investors, sending the stock up 4.3 per cent and adding $112 billion in value in its best performance in nearly a year.The stock gained 0.5 per cent on Friday.
Before Thursday’s announcement, the stock was down 15 per cent from its record high set in Dec, wiping out more than $460 billion in market value. Trading close to its cheapest level in about a year, bargain-hunters could justify taking a chance on Apple’s latest stab at AI relevance.
Apple’s decision to overhaul its Mac computer line to focus on AI struck a chord with investors, sending the stock up 4.3 per cent and adding $112 billion in value in its best performance in nearly a year.The stock gained 0.5 per cent on Friday.
Before Thursday’s announcement, the stock was down 15 per cent from its record high set in Dec, wiping out more than $460 billion in market value. Trading close to its cheapest level in about a year, bargain-hunters could justify taking a chance on Apple’s latest stab at AI relevance.
#Apples #mcap #jumps #billion #plans
