Apple rally fueled by AI promises approaches crucial test
Apple’s upcoming iPhone release has sent its stock price soaring because of promised artificial-intelligence features. Those gains appear vulnerable, at least in the short term, if history is any guide. The company’s stock typically underperforms after iPhone launches, a cautious precedent when expectations are sky-high and Apple’s share price relative to earnings is quite rich leaving little room for error. Apple shares have dropped on 12 of the 17 iPhone launch days, according to data compiled by Bloomberg. Читать дальше...