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Amazon.com Inc. shares reached a new high following strong quarterly results, with a 1% increase to $201.45. The company's cloud division, Amazon Web Services, showed significant growth, contributing to a positive outlook for the holiday season. Analysts are optimistic about Amazon's performance, with 94% recommending buying the stock and a potential for further growth in the next year. [Extracted from the article]

The Nasdaq 100 Index reached a new record high following the US presidential election, driven by a strong performance in megacap tech stocks. The index surged 2.7% in a single day, marking its largest gain since August, and is now up 24% for the year. Investors are optimistic about a more favorable regulatory environment post-election, with big tech companies like Alphabet, Tesla, and Amazon reporting strong earnings results. Analysts believe that the rally in tech stocks will continue, supported by the ongoing advancements in artificial intelligence. [Extracted from the article]

Arm Holdings PLC's US-listed shares dropped 4.5% after Bernstein downgraded the chip-design company, citing concerns about its valuation and the potential lack of upside. Despite being a major player in the artificial intelligence market, Arm's stock has more than doubled this year, leading to worries about its future performance. Analysts are divided on the stock, with fewer than 10% holding a bearish view, while the average price target suggests a 10% downside over the next year. [Extracted from the article]

Nvidia's shares are surging as the company addresses concerns about product delays and its long-term growth. The CEO confirmed that the Blackwell chip is in full production and demand for it is high. Major companies like Microsoft are investing heavily in artificial intelligence, further boosting Nvidia's prospects. Analysts expect Nvidia's revenue to more than double this fiscal year, and the company remains well-positioned to capitalize on the AI opportunity. [Extracted from the article]

Apple Inc. shares reached a record high due to optimism surrounding the release of artificial intelligence-powered iPhones. The stock rose by 2.7% to $237.49, surpassing its previous peak in July. Apple's stock has risen by 37% in the past six months, outperforming the Nasdaq 100 Index. The introduction of an iPhone with AI features and a new iPad mini with similar capabilities has contributed to Apple's success. Analysts remain positive on the stock, citing strong upgrade demand and growth potential in developing markets. Despite initial tepid demand for the new iPhone, investors view Apple as a safe haven and anticipate a large upgrade cycle in the future. [Extracted from the article]

Nvidia's shares have rebounded after addressing concerns about product delays and long-term growth. The stock has risen almost 14% this month and reached a record close, making it the second-best performer in the S&P 500 Index this year. CEO Jensen Huang's announcement that the Blackwell chip is in full production and experiencing high demand has reassured investors. Nvidia remains a favored investment in artificial intelligence, especially as major companies like Microsoft continue to invest in AI initiatives. Analysts expect Nvidia's revenue to more than double this fiscal year and rise another 44% the following year. [Extracted from the article]

Nvidia's shares are surging as the company addresses concerns about product delays and its long-term growth. The CEO confirmed that the Blackwell chip is in full production and demand for it is high. Major companies like Microsoft are investing heavily in artificial intelligence, further boosting Nvidia's prospects. Analysts expect Nvidia's revenue to more than double this fiscal year, and the company remains well-positioned to capitalize on the AI opportunity. [Extracted from the article]

Nvidia's shares have rebounded after addressing concerns about product delays and long-term growth. The stock is up 11% this month and is close to a record high. CEO Jensen Huang confirmed that the Blackwell chip is in full production and demand for it is strong. Nvidia remains a favored investment in artificial intelligence, especially as major companies like Microsoft continue to invest in AI initiatives. Analysts expect Nvidia's revenue to more than double this fiscal year and rise another 44% the following year. The stock remains attractive for its growth prospects and reasonable valuation. [Extracted from the article]

Microsoft Corp. shares have fallen after a downgrade from Oppenheimer, with analyst Timothy Horan warning that investors were too optimistic about the potential of artificial intelligence (AI) to boost the stock. Horan stated that enterprise adoption of AI has been slow, and associated revenues are likely to disappoint. Losses at OpenAI, in which Microsoft has invested, are also a concern. Despite the downgrade, Wall Street remains overwhelmingly positive on Microsoft's stock, with more than 90% of analysts recommending buying shares. [Extracted from the article]

Amazon.com Inc. shares fell after Wells Fargo Securities downgraded the stock due to concerns over margin trends and the potential inability of the cloud computing business to compensate for this. The analyst cut the stock to equal weight from overweight and lowered the price target. While Amazon is highly regarded on Wall Street, with the majority of analysts holding a buy rating, there are concerns about margin expansion and the reliance on the Amazon Web Services cloud computing business. However, long-term demand for AWS is expected to be strong due to artificial intelligence. [Extracted from the article]

Amazon.com Inc. shares fell after Wells Fargo Securities downgraded the stock due to concerns over margin trends and the potential inability of the cloud computing business to compensate for them. The analyst cut the stock to equal weight from overweight and lowered the price target. While Amazon is highly regarded on Wall Street, with the majority of analysts holding a buy rating, the downgrade reflects concerns about margin expansion and limited visibility into positive estimate revisions. The optimism surrounding Amazon is largely driven by the strength of its Amazon Web Services (AWS) business, which is expected to benefit from long-term demand tailwinds related to artificial intelligence. However, there are near-term concerns about the company's spending on AI-related investments. [Extracted from the article]

Amazon.com Inc. shares fell in premarket trading after Wells Fargo Securities downgraded the stock due to concerns over margin trends and the unlikelihood of growth in the cloud computing business compensating for it. The analyst cut the stock to equal weight from overweight and lowered the price target. While Amazon is one of the most popular stocks on Wall Street, with a majority of analysts recommending a buy rating, the downgrade reflects concerns about margin expansion and limited visibility into positive estimate revisions. The optimism surrounding Amazon is largely driven by its AWS business, which is expected to benefit from long-term demand tailwinds related to artificial intelligence. [Extracted from the article]

Microsoft shares have experienced a decline in recent months, as some investors have become less interested in the artificial intelligence sector and are seeking better value elsewhere. The stock is currently almost 9% below its all-time high, while a software firm ETF closed at a record high. Analysts have also become more cautious on Microsoft, citing increased competition in the AI space and a reduced justification for the stock's premium valuation. Despite this, the majority of analysts remain bullish on Microsoft, and the company's long-term prospects are still viewed favorably. [Extracted from the article]

Microsoft shares have experienced a decline in recent months, with some investors losing interest in the artificial intelligence (AI) sector and seeking better value elsewhere. The stock is currently 8% below its all-time high, while a software firm ETF closed at a record high. Analysts have become more cautious on Microsoft, citing increased competition in the AI space and a reduced justification for the stock's premium valuation. Despite this, the majority of analysts remain bullish on Microsoft, and the company's long-term prospects are still viewed favorably. [Extracted from the article]

Investors remain optimistic about Apple Inc. shares despite tepid demand for the iPhone 16. The highly anticipated artificial intelligence features of the phone will not be available until October, and data on pre-orders and lead times suggest that expectations for an upgrade cycle may not be met. However, many on Wall Street still expect the AI iPhones to drive growth for the company. Apple's stock has been relatively stable compared to other tech giants, and its track record of steady earnings growth and stock buybacks contribute to its reputation as a safe investment. However, some analysts caution that the stock's high valuation and lack of growth could make it vulnerable if the upgrade cycle does not materialize. [Extracted from the article]

Investors remain optimistic about Apple Inc. shares despite tepid demand for the iPhone 16. The highly anticipated artificial intelligence features will not be available until October, and data on pre-orders and lead times suggest that expectations for an upgrade cycle may not be met. However, many on Wall Street still expect the AI iPhones to drive growth, and Apple's track record of steady earnings growth and stock buybacks has contributed to its reputation as a safe haven. While the stock's rally could be at risk if the upgrade cycle falls short, analysts are still confident in Apple's long-term progress. [Extracted from the article]

Alphabet Inc., the parent company of Google, has seen its stock price drop over 20% in the past two months due to regulatory uncertainty and antitrust issues. However, some investors see this as a buying opportunity, as Alphabet is now trading at a significant discount compared to its peers. The company's valuation is starting to outweigh the regulatory concerns, and analysts remain optimistic about its future revenue despite the risk of antitrust remedies. While Alphabet faces competition in the AI and search market, some investors believe that the regulatory issues have already been priced into the stock. [Extracted from the article]

Alphabet Inc., the parent company of Google, has seen its stock price decline by over 20% in the past two months due to regulatory uncertainty and antitrust issues. However, some investors see this as a buying opportunity, as Alphabet's stock is now trading at a significant discount compared to its peers. The company's valuation is starting to outweigh the regulatory concerns, leading some investors to believe that the stock is undervalued. While there are concerns about antitrust trials and potential remedies, analysts remain optimistic about Alphabet's future prospects, with the consensus for its 2025 revenue rising in recent months. [Extracted from the article]

Micron Technology Inc., a computer memory chip manufacturer, saw its shares decline after BNP Paribas Exane issued a rare bear call, warning that the stock would continue to underperform in relation to artificial intelligence (AI). Analyst Karl Ackerman downgraded the stock and cut his price target, citing oversupply of high-bandwidth memory (HBM) chips and a faster-than-expected market correction of conventional DRAM average selling prices. Despite the majority of analysts having buy ratings on the stock, Ackerman believes Micron will underperform AI peers through 2025. Micron's stock has dropped over 40% since June, while AI-focused chipmaker Nvidia Corp. has seen a 140% increase. [Extracted from the article]

Oracle Corp.'s quarterly results are expected to show growth in its cloud infrastructure business, driven by demand for artificial intelligence (AI). While Oracle is not the largest cloud provider, its efforts to expand capacity and form partnerships with major tech companies have positioned it for further success. Analysts believe that if Oracle continues to demonstrate strength in the cloud, it could lead to better overall growth and a higher stock valuation. Despite being an underdog in the industry, Oracle has the potential for significant growth and has been praised by Wall Street analysts. [Extracted from the article]

Oracle Corp.'s quarterly results are expected to show growth in its cloud infrastructure business, driven by demand for artificial intelligence (AI). While Oracle is not the largest cloud provider, its efforts to expand capacity and form partnerships with major tech companies have positioned it for further success. Analysts believe that if Oracle continues to demonstrate strength in the cloud, it could lead to better overall growth and a higher stock valuation. Despite being an underdog in the industry, Oracle has room to grow and has received positive attention from Wall Street analysts. [Extracted from the article]

Apple's stock price has been boosted by the anticipation of artificial intelligence (AI) features in the upcoming iPhone release. However, historical data suggests that Apple's stock typically underperforms after iPhone launches, and September has historically been the worst month for Apple shares. If the new iPhone fails to meet expectations, Apple could see a decline in its valuation. Despite the risks, there is optimism about the long-term growth potential of AI for Apple. [Extracted from the article]

Apple's stock price has surged ahead of the upcoming iPhone release, driven by the promise of artificial intelligence (AI) features. However, historical data suggests that Apple's stock typically underperforms after iPhone launches, and September has historically been the worst month for Apple shares. If the new iPhone fails to meet expectations in terms of features or sales, Apple could experience a decline in valuation. Despite the risks, there is optimism about the long-term growth potential of AI for Apple. [Extracted from the article]

Super Micro Computer Inc., a key player in the artificial intelligence (AI) infrastructure market, is experiencing a significant decline in its stock value due to allegations of accounting problems and a delayed 10-K filing. Short-seller Hindenburg Research has accused the company of accounting malpractice, undisclosed related party transactions, and customer issues. The delayed filing has raised concerns among analysts, leading to downgrades and a decrease in investor confidence. Despite the decline, some analysts believe that the business fundamentals remain strong. However, investors may consider alternative options such as Dell Technologies Inc., which also offers AI servers. [Extracted from the article]

Investors are eager to see if Salesforce's upcoming results will shed light on when software companies will start seeing returns on their investments in artificial intelligence (AI). While spending on AI-related hardware remains strong, software stocks have struggled, leading to impatience over when AI will lead to faster growth and improved efficiencies. Salesforce, a leader in customer-relations software, has projected slow sales growth, which has raised doubts about the sustainability of the overall AI trade. The outcome of Salesforce's results will have broad implications for the software industry, and investors are closely watching for signs of AI growth. [Extracted from the article]

Salesforce Inc.'s upcoming results will provide insight into when software companies will start seeing returns on their investments in artificial intelligence (AI). While spending on AI-related hardware remains strong, software stocks have struggled, leading to impatience over the growth and efficiency improvements promised by AI. If Salesforce's results indicate that AI growth is not imminent, it could cast doubt on the sustainability of the overall AI trade. Despite underperformance this year, Salesforce has taken steps to ease investor concerns and remains optimistic about the long-term benefits of AI. [Extracted from the article]

Netflix Inc. has reached a new record in its stock price, the first in almost three years, as investors are drawn to the streaming-video company's efforts to improve profitability. The company's shares rose 1.5% on Tuesday, surpassing the previous high from November 2021. Netflix has seen success in increasing upfront ad sales commitments by over 150% compared to 2023, indicating its growing advertising strength. The company's stock has quadrupled since its 2021 low, as it implemented measures such as cracking down on account sharing and introducing an ad-supported subscriber tier. Netflix's financial improvements, along with the release of popular content and expansion into sports and live events, have contributed to its lead over competitors. The stock has risen over 40% this year, outperforming Walt Disney Co., Warner Bros Discovery Inc., and Paramount Global Inc. Netflix's profitability improvements have also eased concerns about its valuation, with its price-to-earnings ratio currently at 32, less than half its 10-year average. [Extracted from the article]

Netflix Inc. has reached a new record high in its stock price, the first time in nearly three years, as investors are drawn to the streaming-video company's efforts to improve profitability. The company's shares rose by 3.3% on Tuesday, surpassing the previous high from November 2021. Netflix has seen success in increasing upfront ad sales commitments by over 150% compared to 2023, indicating its growing advertising power. The company's stock has quadrupled since its 2021 low, thanks to measures such as cracking down on account sharing and introducing an ad-supported subscriber tier. Netflix has also expanded into sports and live events and added 8.05 million customers in the second quarter. The stock has outperformed competitors like Walt Disney Co., Warner Bros Discovery Inc., and Paramount Global Inc. Netflix's profitability improvements have eased concerns about its valuation, and its price-to-earnings ratio of 32 is lower than its 10-year average of 72. Overall, investors have embraced Netflix's change in strategy, leading to its current success. [Extracted from the article]

Investors are facing a dilemma when it comes to buying technology giants at high prices or waiting for a cheaper entry point. The recent slump in the Nasdaq 100 Index has provided an opportunity for some to buy, but many traders remain unconvinced that the selloff is over. Concerns about a US recession and the payoff of heavy spending on artificial intelligence are contributing to the hesitation. While some investors are optimistic in the long run, they are not diving headfirst into the selloff. The next positive driver for the market remains unclear, and investors will have to wait for economic releases and earnings reports to gain more insight. The recent earnings reports have been mixed, with some companies sinking and others rising. The Nasdaq 100 Index is still below its recent peak, and valuations are down but still above the benchmark's 10-year average. The market remains volatile, but some bright spots have emerged amid the selloff. [Extracted from the article]

Investors are facing a dilemma of whether to buy expensive technology stocks or wait for a cheaper entry point. The recent slump in the Nasdaq 100 Index has provided an opportunity for some investors to buy shares of companies like Nvidia and Apple at a lower price, but many remain unconvinced that the sell-off is over. Concerns about a US recession and the effectiveness of artificial intelligence spending have contributed to the hesitation. The next positive driver for the market remains unclear, with several weeks to wait before Nvidia reports earnings and the next Federal Reserve meeting not until September. Earnings reports have been mixed, with some companies experiencing declines while others have shown positive trends. The Nasdaq 100 finished Monday's session down 3%, erasing billions in market value for companies like Nvidia and Apple. Retail traders have been selling aggressively, while institutional investors have been buying the dip. Valuations have come down, but they are still relatively high compared to historical averages. Despite the uncertainty, there are some bright spots in the market, such as Advanced Micro Devices and chip equipment makers. Overall, the market remains volatile, but some investors are hopeful that certain factors will improve and bring investors back into the market. [Extracted from the article]

Investors are facing a dilemma of whether to buy technology giants at high prices or wait for a cheaper entry point. The recent selloff in the Nasdaq 100 Index has provided an opportunity for some investors to buy shares at a discount, but many are still waiting for a better opportunity. Concerns over a US recession and heavy spending on artificial intelligence have contributed to the cautious sentiment. The next positive driver for the market remains unclear, as several tech companies have already reported earnings and the next Federal Reserve meeting is not until September. While earnings results have been mixed, the majority of companies in the S&P 500 tech index have beaten earnings expectations. The Nasdaq 100 finished Monday's session down 3%, with Nvidia and Apple experiencing significant declines. Valuations have come down but are still relatively high, and investors are becoming more skeptical about heavy spending on AI infrastructure. Despite the selloff, there were some positive performers, such as Advanced Micro Devices and chip equipment makers. The market remains volatile, but some investors are hopeful that certain factors will improve and bring investors back into the market. [Extracted from the article]

The Nasdaq 100 Index is on the verge of a correction due to a recent rotation out of Big Tech, which has caused an 8% decline in just over two weeks. The upcoming earnings reports from Microsoft, Meta Platforms, Apple, and Amazon will play a crucial role in determining whether the index can avoid a correction. Concerns have been raised about the return on investment from heavy spending on artificial intelligence (AI), leading to a sell-off of AI-related stocks. The first-half rally for Big Tech resulted in stretched valuations and a high price-to-projected earnings ratio. [Extracted from the article]

Amazon.com Inc. may be considering the possibility of issuing a dividend to its shareholders, as the company's cash reserves are expected to exceed $100 billion this year. While Amazon has historically reinvested its profits into its businesses rather than returning cash to shareholders, a change in this strategy could lead to increased stock gains. Some investors believe that a dividend announcement could occur within the next few quarters. However, Amazon's lower margins compared to other tech giants may delay the implementation of a dividend. [Extracted from the article]

Amazon's upcoming Prime Day event is expected to showcase the company's strong growth and reinforce its dominant position in e-commerce and retail. The event could also highlight the positive impact of investments made during the pandemic and improve retail margins, potentially driving the stock higher. While Amazon's AI and cloud-computing division, AWS, are important, retail remains the primary contributor to sales. Prime Day is seen as an opportunity to highlight Amazon's value and same-day delivery capabilities. Analysts predict strong sales during the event, which could help alleviate concerns about the company's e-commerce business. [Extracted from the article]

Amazon's upcoming Prime Day event is expected to showcase the company's strong growth and reinforce its dominant position in e-commerce and retail. The event could also highlight the positive impact of investments made during the pandemic, potentially driving the stock higher. While Amazon's artificial intelligence and cloud-computing divisions have received attention, retail remains the primary contributor to sales. Analysts predict that improved efficiencies in Amazon's retail business could significantly boost its profit margins. Prime Day is seen as an opportunity to demonstrate Amazon's value and same-day delivery capabilities. [Extracted from the article]

Nvidia Corp., a leading AI-focused chipmaker, has been downgraded by New Street Research analyst Pierre Ferragu due to concerns about its valuation. The stock has experienced a significant rally, with a 154% increase this year and a gain of almost 240% in 2023. Ferragu believes that further upside will only occur if there is a significant increase in the outlook beyond 2025, which he is not convinced will happen. While the quality of Nvidia's franchise remains intact, there is a risk of derating if the current outlook remains unchanged. Despite this downgrade, Nvidia is still one of the top performers in the S&P 500 and has a market capitalization of almost $1.9 trillion. Analysts often cite valuation as a concern for the company, as it trades at more than 22 times estimated revenue for the next 12 months, making it the most expensive stock in the S&P 500. New Street has set a one-year price target of $135 for Nvidia. In addition to Nvidia, New Street is positive on Advanced Micro Devices Inc. and Taiwan Semiconductor Manufacturing Co Ltd., citing their growth trends and valuations. [Extracted from the article]

Nvidia Corp., a leading AI-focused chipmaker, has been downgraded by New Street Research analyst Pierre Ferragu due to concerns about its valuation. The stock has experienced a significant rally, with a 157% increase this year and a gain of almost 240% in 2023. Ferragu believes that further upside will only occur if there is a significant increase in the outlook beyond 2025, which he is not convinced will happen. While the quality of the company's franchise remains intact, there is a risk of derating if the current outlook remains unchanged. Nvidia is currently the second-best performer among S&P 500 components this year and has added $1.9 trillion to its market capitalization. Analyst downgrades are rare for Nvidia, which has been a major beneficiary of the AI spending boom. However, concerns about valuation have been frequently cited. New Street has set a one-year price target of $135 for Nvidia. The research firm is positive on Advanced Micro Devices Inc. and Taiwan Semiconductor Manufacturing Co Ltd., citing their growth trends and valuations. Other stocks with AI exposure, such as Broadcom Inc., Arista Networks Inc., and Micron Technology Inc., are also considered attractively valued. [Extracted from the article]

Nvidia Corp., a leading AI-focused chipmaker, has been downgraded by New Street Research analyst Pierre Ferragu due to concerns about the stock being "fully valued." Despite the downgrade, nearly 90% of analysts still recommend buying the stock. Nvidia's stock has seen significant gains in recent years, but Ferragu believes that additional upside will only come with an increase in the outlook beyond 2025. New Street Research is positive on Advanced Micro Devices Inc. and Taiwan Semiconductor Manufacturing Co Ltd., citing their growth trends and valuations. [Extracted from the article]

Apple's recent surge in stock value has raised questions about whether its artificial intelligence (AI) strategy justifies its valuation. While investors are hopeful that new AI features will lead to a significant upgrade cycle among users, some remain skeptical about when this boost in revenue will actually occur. The rollout of Apple's AI offerings may be slower than anticipated, potentially stretching into 2025. Despite these concerns, some analysts believe there is still room for Apple's stock to rise, while others have shifted their focus to other companies with more favorable valuations. [Extracted from the article]

Apple's recent surge in stock value has raised questions about whether its artificial intelligence (AI) strategy justifies its high valuation. The company's shares reached an all-time high after unveiling new AI features that investors hope will drive a significant upgrade cycle among users. However, concerns remain about when this boost in revenue will materialize. Some investors are skeptical and believe that the risk-reward ratio is negative. The rollout of Apple's AI offerings may be slower than anticipated, potentially stretching into 2025. While some analysts see room for Apple's shares to continue rising, others have removed the company from their best ideas list due to its valuation. [Extracted from the article]

Apple Inc. investors have responded positively to the company's plans to integrate artificial intelligence (AI) features into its iPhones, pushing the stock to a record high. The agreement with OpenAI to integrate ChatGPT is expected to drive a massive upgrade cycle among users with older devices. Wall Street analysts believe that AI will be a major growth driver for Apple and that the stock is catching up. The potential for an iPhone refresh cycle has also boosted Apple suppliers. [Extracted from the article]

Apple Inc. investors have responded positively to the company's plans to integrate artificial intelligence (AI) features into its iPhones, pushing the stock to a record high. The agreement with OpenAI to integrate ChatGPT is expected to drive a massive upgrade cycle among users with older devices. Wall Street analysts believe that AI will be a major growth driver for Apple and that the stock is catching up. The potential for an iPhone refresh cycle has also boosted Apple suppliers. [Extracted from the article]

Apple Inc. investors are responding positively to the company's plans to integrate artificial intelligence (AI) features into its iPhones. The stock is on track for its best week in over two years, as Wall Street believes that the new AI capabilities will drive a significant upgrade cycle among users with older devices. This optimism has led to a reshuffling of top stocks, with Apple surpassing Microsoft Corp. as the largest company by market capitalization. The integration of AI features is seen as a way to prompt users to trade up to newer iPhones, potentially leading to significant revenue growth for Apple. [Extracted from the article]

Apple Inc. investors are responding positively to the company's plans to integrate artificial intelligence (AI) features into its iPhones. The stock is on track for its best week in over two years, with Wall Street betting that the new AI capabilities will drive a significant upgrade cycle among users. This optimism has led to Apple surpassing Microsoft Corp. as the largest company by market capitalization. The integration of AI features is seen as a way to prompt users to trade up to newer devices, potentially leading to significant revenue growth for Apple. [Extracted from the article]

Apple Inc. has surpassed Microsoft Corp. to become the world's most valuable company, signaling growing investor confidence in its growth and artificial intelligence capabilities. This milestone follows a strong rally, with Apple experiencing its largest three-day advance since August 2020. The company's market capitalization reached $3.285 trillion, surpassing Microsoft's $3.282 trillion. Apple's recent success is attributed to its AI-focused Worldwide Developers Conference presentation, which generated optimism for the next generation of iPhones and a rebound in growth. However, concerns about growth have limited Apple's gains compared to other big tech companies with more concrete AI exposure. [Extracted from the article]

Apple Inc. shares reached a record high on Tuesday, rising 7.3% to $207.15, the largest one-day jump since November 2022. This increase added $215.1 billion to Apple's market capitalization, making it one of the biggest single-day value adds in history. The surge in stock price followed Apple's annual Worldwide Developers Conference, where the company showcased AI-related features and announced a partnership with OpenAI. Investors hope that these AI advancements will drive customer demand for the next generation of iPhones and stimulate a stabilization or inversion of the lengthening replacement cycle. Despite the record share price, Apple's stock has only risen 7.6% this year, lagging behind other tech companies with more concrete AI exposure. [Extracted from the article]

Apple Inc. shares reached a new intraday record, the first since December, as investor sentiment improves. The stock has risen over 20% since April, adding over $500 billion to its market capitalization and returning it above a $3 trillion market cap. Apple's annual Worldwide Developers Conference showcased features related to artificial intelligence (AI) and announced a partnership with OpenAI, which has fueled hopes for a new iPhone upgrade cycle. Despite the record share price, Apple's stock is only up 3.7% this year, lagging behind other tech companies with more concrete AI exposure. [Extracted from the article]