Apple Stocks Surge Above $200 to a Record High on AI Announcement

Apple stocks surged to a record high on Tuesday, experiencing their most significant daily percentage increase since late 2022. Wall Street responded positively to the tech giant’s unveiling of its long-anticipated plans for generative artificial intelligence (AI).

During regular trading hours, Apple shares climbed over 7% to $207, marking a $14 increase from the previous closing price and surpassing the $200 milestone for the first time, accounting for stock splits.

The stock’s rally followed Apple’s recent introduction of various AI capabilities set to debut on iPhone and other devices later in the year. Among the notable features is the incorporation of OpenAI’s popular generative AI chatbot, ChatGPT, directly into iPhone applications.

The tech giant has announced that these innovative features will be available to users later this year.