WWDC, Apple and AI
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Apple shares turned lower as the iPhone maker kicked off its Worldwide Developers Conference Monday. Read more on the event and what's at stake for Apple:
Key Takeaways Apple shares rose slightly Tuesday after losing ground the previous session following announcements from the company at its developers conference that failed to impress investors. The iPhone maker unveiled several AI-related improvements with iOS 26,
CNBC's 'Mad Money' host and veteran market commentator Jim Cramer is not impressed with Apple Inc. (Nasdaq: AAPL) repurchasing its stocks of late. With a market cap of $3 trillion, Apple is the third-largest company in the world that is well-known for its flagship tech products such as iPhones, iPads, MacBooks, etc.
The tech giant showcased "Liquid Glass" for iPads, Mac, and more products at its WWDC developer conference.
Apple's (NASDAQ: AAPL) stock price has shot up 14,760% in the past 20 years thanks to the budding popularity of its hardware devices and software solutions that have won over consumers across the globe. Even in the past five years, investors have been rewarded with a 150% gain (as of June 4).
Two of the top AI companies today are also two of the stocks in the Berkshire Hathaway portfolio. Many investors know that Buffett loves an undervalued stock. But when explaining how he chooses stocks,
Apple's stock has been one of the weakest Big Tech stocks this year, partly reflecting worries about the company's artificial-intelligence positioning. Shares are down 18% so far this year. Within the "Magnificent Seven" grouping of large technology stocks,