Are you considering investing in Apple shares after the tech giant’s recent developer conference? According to Morgan Stanley’s sales team, history shows that this could be a smart move. Over the last 10 years, Apple has seen significant outperformance against the S&P 500 in the three months following its annual Worldwide Developers Conference.
This year’s conference brought exciting announcements, including Apple’s push into artificial intelligence with the unveiling of Apple Intelligence and AI tools for Mac, iPhone, and iPad. Additionally, OpenAI’s ChatGPT is coming to Siri, and custom AI-powered emojis called Genmoji will be available on Apple devices.
Despite a slight dip in share price after the conference, Apple shares rebounded and reached a new all-time high the following day. However, the stock has underperformed the S&P 500 and Nasdaq Composite this year, with analysts predicting limited upside in the next 12 months.
At Extreme Investor Network, we believe in staying ahead of the curve when it comes to investing in tech companies like Apple. Our experts can provide you with unique insights and strategies to help you make informed investment decisions. Stay connected with us for the latest news and updates on tech stocks and more. Happy investing!