From Investing.com: 2024-05-03 09:56:46

Apple shares surged 7% after announcing a $110 billion stock buyback plan and optimistic sales forecast, boosting market value by over $170 billion. CEO Tim Cook reassured investors about growth potential, aligning Apple with tech giants focusing on AI investments. Analysts expect a strong iPhone 16 cycle with AI features, pushing target price to $200.



Read more at Investing.com: Apple shares jump as record buyback, sales growth forecast lure investors By Reuters