Apple shares are trading higher following a report suggesting the company is developing its own generative AI tools.
Portfolio Pulse from Benzinga Newsdesk
Apple is reportedly developing its own generative AI tools, which has led to an increase in the company's stock price.

July 19, 2023 | 4:19 pm
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POSITIVE IMPACT
Apple's stock is trading higher due to reports of the company developing its own generative AI tools.
The news of Apple developing its own generative AI tools is directly related to the company and its future prospects. This development could potentially lead to new products or services, which investors may view positively. As a result, the stock price has increased.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100