Apple (AAPL) Shares Are Back to Winning Ways as AI Optimism Builds - Bloomberg

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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

Apple has been dogged this year by concerns about stagnating revenue growth.

Photographer: Punit Paranjpe/AFP/Getty Images
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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.

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