US stock markets: Apple stock hits record high on AI announcements
Apple Inc. stock climbed more than 5 per cent to hit a record high in morning session on Tuesday, following its long-awaited AI strategy, presented at its annual developer conference WMDC.
At 11:11 am EDT, the Apple stock was at $202.91, higher by $9.78 or 5.06 per cent.
Its market capitalization is again above $3 trillion.
At the annual Worldwide Developers Conference, the iPhone maker showcased a number of features related to artificial intelligence.
It also announced a partnership with ChatGPT maker OpenAI.
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Published: 11 Jun 2024, 08:39 PM IST
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