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Apple shares are back to winning ways as AI optimism builds

Bloomberg
Bloomberg • 3 min read
Apple shares are back to winning ways as AI optimism builds
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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. 

In addition, there is growing excitement about its artificial intelligence plans. After being down as much as 14% this year, the stock is close to erasing those losses. The stock rose 0.5% on Thursday, on track for its fourth straight positive session.

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