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Apple shares rise 4.3%, setting a new best-ever performance

Apple shares rise 4.3 per cent to best since 5 May 2023.

On April 11th, Apple (stock code: AAPL) saw its stock price rise along with strong gains in the tech sector, particularly notable performance in the field of artificial intelligence, with the Nasdaq Composite Index rising by 1.77%.

Improved Investor Sentiment

Despite a more than 5% decline in Apple's stock price this year, analysts at JPMorgan Chase (JPM) indicate that sentiment toward Apple shares is improving, partly due to its recent price decline. Additionally, investors may feel more comfortable with its current valuation, especially following recent losses and potential benefits from the field of artificial intelligence.

Chinese Market and New Products

While iPhone sales in the Chinese market have shown a negative trend and some projects have been canceled recently (such as the car manufacturing plan), JPMorgan analyst Samik Chatterjee believes that the sales cycle of the iPhone in 2026 will be very strong due to upcoming artificial intelligence features. Apple CEO Tim Cook recently indicated to investors that there will be AI-related announcements later this year, expected to take place at the June Apple Worldwide Developers Conference.

Future Product Outlook

Furthermore, Apple is preparing to launch new MacBook laptops and desktop computers featuring the next-generation M4 chip, which will emphasize artificial intelligence capabilities. Apple has chosen not to comment on this report. Currently, Apple are using M3 chips.

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