Apple’s stock soars following the announcement of “Apple Intelligence

Following the announcement of “Apple Intelligence,” Apple’s stock saw a significant increase.

On Monday, June 11, Apple unveiled its new cutting-edge platform, “Apple Intelligence.” The announcement was met with a mix of excitement and speculation. Some were looking forward to seeing Apple enter the new field of artificial intelligence, while others expressed concern about the unknown territory that AI will potentially bring. The company’s decision to invest in AI technology represents a significant shift in its focus and further indicates Apple’s strategy to maintain its position as a leader in the tech industry.

The concept of “Apple Intelligence” prompted concerns among investors. Apple’s stock prices declined momentarily due to uncertainty and skepticism regarding the effectiveness of Apple’s new AI program. However, by the next day, Apple’s stock price had reached a record high, increasing by 7%. The data indicates that investors began to have more confidence in the new platform after hearing more about the updates and features.

However, the positive sentiment surrounding Apple’s AI announcement was tempered when Elon Musk, the CEO of Tesla and SpaceX, expressed his concerns regarding the potential dangers of artificial intelligence. Mr. Musk has recently indicated that he may seek to prohibit the sale of AI devices developed by Apple at his companies. He believes that Apple’s adoption of AI could have adverse effects and pose a threat to humanity. Mr. Musk has been a vocal critic of artificial intelligence and its emergence in recent years, expressing his concerns in various interviews and on social media.