Apple stock hits record high as OpenAI deal, AI features attract positive comments

Investing.com -- Apple has announced a partnership with OpenAI that will see the iPhone-maker fold ChatGPT into its products.)'s annual developers conference on Monday, comes as the tech giant looks to enhance its artificial intelligence capabilities following an intensifying surge in enthusiasm around the nascent technology.

"We believe the comprehensive and deep integration will accelerate iPhone replacement in the U.S. and EU in fall 2024," the Oppenheimer analysts said. "We will all get new iPhones at some point in the future, but we believe consumers will hold onto their devices longer to save money given the lack of compelling features," analysts at KeyBanc said in a note to clients.

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