Apple investors get 2 new signs that the tech behemoth is taking AI more seriously

📆 5/7/2024 5:45 PM
📰 CNBC

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'This is a very good sign,' Jim said. 'This is the beginning of what I regard as the Apple offense on AI.'

There's mounting evidence of how serious Apple is about artificial intelligence, Jim Cramer said Tuesday, pointing to a Wall Street Journal report about the tech giant developing AI data center chips. "This is a very good sign," Jim said. "This is the beginning of what I regard as the Apple offense on AI." He also reiterated his Apple stock mantra: "Own it, don't trade it.

"We believe in the transformative power and promise of AI, and we believe we have advantages that will differentiate us in this new era, including Apple's unique combination of seamless hardware, software and services integration." AAPL YTD mountain Apple year-to-date performance While experiencing a bounce last week after concerns about quarterly iPhone sales and China's weakness proved to be overblown, Apple shares were still down 5.

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