Apple stock climbed 4.3% on Thursday to a share price of $175.04. It is Apple’s best day since May 5, 2023.
Apple's rise came during a strong day for technology stocks in general, especially those with an artificial intelligence angle, as the Nasdaq Composite rose 1.77%.On Thursday, JPMorgan analysts wrote that sentiment over Apple shares is improving with hedge fund investors, partially due to its recent stock slide.shares climbed 4.3% on Thursday to a share price of $175.04. It is Apple's best day since May 5, 2023.
Apple shares are down more than 5% so far this year. On Thursday, JPMorgan analysts wrote that sentiment over Apple shares is improving with hedge fund investors, partially due to its recent stock slide., JPMorgan analyst Samik Chatterjee said investors may be more comfortable with its current valuation after recent losses and the potential to benefit from AI.
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