Investors return to Apple after AI worries hit chip and cloud stocks

1 min read

Investors are moving back into Apple shares after a sell-off tied to a disappointing presentation of upcoming AI features, with the stock rallying 15% since the decline. The shift comes as nervousness about artificial intelligence spending weighs on the stocks of chipmakers and cloud-computing giants, suggesting investor appetite may be rotating away from AI-heavy suppliers toward larger consumer technology platforms. Immediate consequences include a re-pricing of chip and cloud company valuations and renewed focus on Apple's product roadmap and how its AI features will be received.

Apple shares have rallied 15% after last month's slump