Apple (AAPL) shares closed at a record high for the first time since December as investor sentiment continued to improve with steps taken on artificial intelligence.

Apple shares rose 7.26 percent to close at $207.15 yesterday following its annual Worldwide Developers Conference, where the company showcased a number of AI-related features and announced a partnership with ChatGPT maker OpenAI.

While Apple shares have risen 25 percent since April, the company's market value increased by $215.1 billion yesterday, reaching $3.18 trillion.

LightShed analyst Walter Piecyk made the following assessment:

"The addition of AI features to the latest iPhone comes at an ideal time for Apple. iPhone revenues have been stagnant and the vast majority of its installed base is older phones as the upgrade cycle has fallen to record lows, so Apple is looking to stabilize or reverse its lengthening refresh cycle." It will be easy to encourage."

-Forex

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