With its ambitions in the field of artificial intelligence, Apple's stock price has continued to soar recently, and its market value is about to exceed the US$4 trillion mark. This marks that the competition among technology giants in the field of AI has entered a fierce stage. This significant growth is mainly attributed to investors’ confidence in the huge market potential brought by Apple’s AI technology when applied to products such as the iPhone. Apple is actively integrating AI technology into its existing product lines, which has triggered positive market expectations for the iPhone upgrade cycle, thereby driving up its stock price.
Apple's market value is about to exceed the US$4 trillion mark, thanks to investors' high expectations for its artificial intelligence technology. Apple shares have risen about 16% since the beginning of November, adding about $500 billion to its market value, surpassing rivals such as Nvidia and Microsoft.
In June of this year, Apple announced that it would integrate generative AI technology into its applications, and in early December it began integrating OpenAI’s ChatGPT into its devices.
Analysts at Maxim Group said the rise in Apple's stock price reflects market expectations that AI technology may trigger an iPhone upgrade cycle. Despite recent weakness in iPhone demand, analysts expect iPhone revenue to rebound by 2025 as features and geographic coverage expand.
Highlights:
Apple's market value is about to exceed US$4 trillion, and its stock price rose 16%.
Investors look to AI technology to drive the iPhone upgrade cycle.
Analysts expect iPhone revenue to rebound in 2025.
Behind Apple's market value exceeding US$4 trillion is its strategic layout of artificial intelligence technology and the market's positive expectations for future development. Although iPhone demand faces challenges in the short term, the application of AI technology is expected to revive Apple's growth momentum and further consolidate its leadership position in the technology industry. In the future, Apple's continued innovation in the field of AI will become a key factor in maintaining its competitiveness.