Apple reaches new heights through AI initiative and chip alliance

Apple attracted attention on Wednesday with an intraday record value on the stock exchange after the company introduced new features in the field of artificial intelligence and announced a purported chip partnership with Broadcom, as reported by The Information platform. Doug Clinton, founder and CEO of Intelligent Alpha, spoke with Josh Lipton, host of Asking for a Trend, to delve deeper into the success of Apple shares and analyze the iPhone manufacturer's position in the AI era. Clinton cites two key factors that have driven Apple's stock boom. First, he points to the general strength of the so-called "Magnificent Seven," which have shown positive development since the last election period in the USA, overcoming uncertainties about the national course. The second factor specifically concerns Apple. Clinton emphasizes that expectations for iPhone sales in the coming year are set low and thus act as a relief. "It is not expected that AI will significantly contribute to Apple next year," he explains. Regarding reports on Apple's chip developments, Clinton states that companies in the AI sector with a market value of over $1 billion must inevitably develop their own semiconductor technology. Apple has always been involved in the manufacture of its own chips for its devices and is now bringing this expertise into the AI server sector. This shows that Apple takes its AI strategy seriously, even though this step was predictable. To obtain further expert assessments and analyses of the current market situation, interested readers can follow additional content on Asking for a Trend.