Apple made a significant leap in the AI field with the introduction of Apple Intelligence at the Worldwide Developers Conference (WWDC), partnering with OpenAI for advanced AI features. This move propelled Apple's stock to a record high, boosting its market value by nearly $200 billion.
Analysts are optimistic about the impact on sales and foresee the release of a new iPhone line soon. Additionally, the potential outsourcing of key AI technology to a competitor could be crucial for Apple's AI success.
The announcement also influenced Google-parent Alphabet's stock, with analysts adjusting their price targets post-Apple event. Apple's AI initiatives are seen as a strategic move that could lead to higher market capitalization and increased investor confidence.
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