Apple's shares climbed 4.3% on Thursday, marking its best day since May 5, 2023. The rise is attributed to improving sentiment among hedge fund investors and the company's potential in artificial intelligence.
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.
Apple Shares Surge Positive Sentiment AI Artificial Intelligence Hedge Fund Investors
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