Apple Stock Hits Record High On Second Wave Of AI Features

Apple (AAPL) stock notched a record high on Wednesday after the consumer electronics giant released its second batch of artificial intelligence features for the iPhone and other devices.

The Cupertino, Calif.-based company said its new set of Apple Intelligence features builds on the first set released in late October.

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Apple describes Apple Intelligence as an “easy-to-use personal intelligence system that delivers helpful and relevant intelligence.” It also promises data privacy for users.

The new AI features are included in free operating system updates for newer iPhones, iPads and Mac computers. The software releases are iOS 18.2, iPadOS 18.2, and macOS Sequoia 15.2.

The second wave of Apple Intelligence tools includes Image Playground for creating images and Genmoji for creating custom emoji. It also has new Writing Tools for users to enhance their writing.

There are AI enhancements to the Notes app as well, such as the ability to transform a rough sketch into a polished image simply by circling it.

Plus, ChatGPT is integrated into Writing Tools and Siri, so users can access ChatGPT’s expertise without having to switch between apps.

In addition, users with an iPhone 16 or iPhone 16 Pro can instantly learn more about their surroundings with a visual intelligence tool in Camera Control.

Apple Stock Is A Tech Leader

In afternoon trades on the stock market today, Apple stock was flat, last down a fraction at 247.17. Earlier in the session, it reached an all-time high of 250.80.

On Nov. 29, Apple stock hit a buy point of 237.49 out of a flat base, according to IBD MarketSurge charts.

With the second batch of Apple Intelligence, Apple has begun to expand the service to more languages, starting with localized English support for Australia, Canada, Ireland, New Zealand, South Africa and the U.K.

Additional languages are coming next year, including Chinese, English (India), English (Singapore), French, German, Italian, Japanese, Korean, Portuguese, Spanish and Vietnamese.

Apple stock is on the IBD Tech Leaders list.

Follow Patrick Seitz on X, formerly Twitter, at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks.

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