Investors anticipate Apple’s next-gen Macs will have AI superpowers
After a slow start to the year, investors are warming up to Apple — analysts anticipate the company’s upcoming slate of laptops and desktops will feature AI capabilities powered by its next-gen M4 processor. These new products, set for release later this year, mark Apple’s initial foray into capitalizing on the AI boom, where industry leaders like Microsoft and Nvidia have held a steep lead.
- According to Bloomberg, the new M4 processor will come with a series of “AI processing capabilities” and software integrations in the upcoming macOS update.
- Analysts hope this refresh will help reverse declining Mac sales, which fell 27% last fiscal year — contributing to the stock’s poor performance this year.
AI laggard no more? On news of the report, Apple’s stock surged over 4%, booking its best single-day stock performance since May 2023. Despite being down 5% on the year, investors are eager to see how Apple’s new hardware and software fit into its AI strategy — especially with rumors circulating about updates to the iPhone being high on CEO Tim Cook’s to-do list. And let’s not forget about Apple’s other futuristic venture: humanoid robots.
