Apple's stock surged 18% due to AI platform launch, sales increase, and lower interest rates.
Apple's stock has surged 18% in the last month, driven by the upcoming release of AI platform Apple Intelligence, increased product sales, and anticipated lower interest rates. This comes after a disappointing first half of 2024 for the company, with concerns over product revenue and lack of AI position. The bull market trend and potential product strategy changes offer reasons to consider buying Apple stock.
July 14, 2024
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