Should You Buy Apple Stock Following Its AI Announcements?
Tech sector analysts have 's (NASDAQ: AAPL) Worldwide Developers Conference (WWDC) circled on their calendar every year. That's because the tech giant often takes advantage of that event to announce important news that will be relevant to its financial and stock performance. That was certainly the case this year. On Monday, the first day of WWDC, management finally made public its much-anticipated plans related to artificial intelligence (AI).
The stock jumped Tuesday due to this news. But is what the company revealed a good enough reason to buy Apple stock?
Apple dubbed the AI overhaul of its devices "Apple Intelligence." It will integrate AI capabilities into the next iteration of its mobile operating system, iOS 18, a change that will affect many functionalities of its already high-performing devices. It's worth pointing out that those AI features will only be available on the latest versions of the iPhone (15 Pro and 15 Pro Max), and some iPads and Macs with the required capabilities. But what exactly are these features? There are too many to talk about in detail here, so let's mention just a few.
Source Fool.com
Apple Inc. Stock
Our community is currently high on Apple Inc. with 105 Buy predictions and 8 Sell predictions.
As a result the target price of 208 € shows a slightly positive potential of 3.71% compared to the current price of 200.55 € for Apple Inc..
