Apple Shares Are Back to Winning Ways as AI Optimism Builds
- Stock has nearly erased its year-to-date drop with recent gain
- Apple’s June developers conference is seen as a major AI event
After months of struggles, Apple Inc. is looking a lot more like the stock market leader it used to be.
The iPhone maker’s shares are on pace for their best month since March 2023. They’ve gained almost 12% after a strong earnings report showed growth is returning and the company also announced the biggest stock buyback in US history, a sign of its financial might.