The Nasdaq Composite Index rose by 1.8% during Tuesday morning trading, following Apple's announcement of an expanded partnership with OpenAI to integrate generative AI capabilities into its upcoming smart devices, including iOS 19 and MacOS 15. The move was widely welcomed on Wall Street, as it was seen as a strategic shift to enhance the company's competitiveness against rivals like Google and Microsoft, who have been ahead in this field. This announcement also pushed Apple's stock up by more than 6% in the first hours of trading, reaching its highest level since the beginning of the year. Analysts at JPMorgan believe that this initiative could open new revenue streams for Apple beyond device sales, particularly in subscription and data services. The positive reaction also extended to chip companies like Nvidia and AMD, amid expectations of increased demand for AI processors. This development comes at a time when investors are closely watching for any signs of market shifts after a period of volatility, which enhances the prospects for a gradual recovery in major tech indices.
