Menu
sharewise sharewise
Log in
Sign up
Log in
Sign up
The new sharewise is here Clearer, faster, with a light and a dark view — and everything you already know. Try it now
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Apple Stock Soared 15% in May

TheMotleyFool 
0 0 03.06.26
Why Apple Stock Soared 15% in May: https://g.foolcdn.com/editorial/images/872890/apple-sainte-catherine-montreal-canada-opening-day-team-members-assisting-customers.jpg
 

(NASDAQ: AAPL) stock rose 15% in May, according to data provided by S&P Global Market Intelligence. There was no news specific to Apple, but it's benefiting from market confidence in artificial intelligence (AI) and Apple's opportunity to leverage it.

Apple stock is back in action as investors flock to all kinds of AI stocks. Apple was expected to launch an AI program similar to its tech giant peers like and Amazon, but it never materialized. Instead, Apple focused on its popular hardware, and specifically, the iPhone.

While the market wasn't too thrilled about it at first, the massive iPhone sales increases over the past few quarters have proven that it's been the right strategy. The iPhone is Apple's bread and butter, and focusing on that lead instead of diluting it through expanding out of its dominant space has been a winning approach.

Continue reading


Source Fool.com

Apple Inc. Stock

€270.95
0.020%
With only a change of €0.050 (0.020%) the Apple Inc. price is nearly unchanged from yesterday.
Our community is currently high on Apple Inc. with 74 Buy predictions and 7 Sell predictions.
As a result the target price of 282 € shows a slightly positive potential of 4.08% compared to the current price of 270.95 € for Apple Inc..
Show more
Like: 0
AAPL
Share

Comments

Not a member yet? Sign up for free!