Apple Shares Fall In Premarket As Wall Street Stays Lukewarm On Firm’s AI Vision And Musk Blasts OpenAI iPhone Plans
What percentage did Apple shares fall to during premarket trading on the Tuesday following the WWDC 2024 event?
During premarket trading on Tuesday following the WWDC 2024 event, Apple shares fell by 0.83% to $191.51. This decline continued a downward trend from the previous day when Apple shares fell nearly 2% to $193.12 during regular trading.
How has Apple's stock performance this year compared to its rivals who are also developing generative AI tools?
Apple's stock performance this year has been relatively flat compared to its rivals who are also developing generative AI tools. While Apple shares have returned 2.02% so far this year, Computer and Technology companies have returned an average of 11.81%. This is in part due to the perception that Apple has been lagging behind rivals like Google and Microsoft in the race to develop and deploy generative AI tools like ChatGPT.
How much had Apple shares risen since the beginning of May in anticipation of the WWDC 2024 announcements?
Apple shares had risen roughly 14% since the beginning of May in anticipation of the WWDC 2024 announcements.