Apple soars on reports of plans to overhaul Macs with in-house chips focused on AI

Apple shares soared on Thursday after reports that the company plans to overhaul its Mac computers with updated versions of its own processors that include AI capabilities. The tech giant is expected to start rolling out machines equipped with the M4 chip from late this year to 2020, Bloomberg reported early next year. The move is part of Apple's efforts to include AI capabilities in all its devices.

Apple (AAPL) stock soared Thursday following reports that the tech giant is preparing to overhaul its entire Mac computer product line by switching to an updated family of in-house processors that emphasize artificial intelligence (AI) capabilities. % or more.

According to a report from Bloomberg, the company is nearing the start of production of its M4 processor, an upgraded version of the current M3. Apple started releasing his Mac with his M3 five months ago.

According to the report, the M4 will be available in at least three main varieties, and the move is part of the company's broader efforts to incorporate AI capabilities into all its products.

According to Bloomberg, Apple may be aiming to release an M4-powered Mac by late this year or early 2025. Several new iMacs are expected to launch alongside the M4, including the lower-priced 14-inch MacBook Pro, higher-priced 14- and 16-inch MacBook Pros, and the Mac mini.

Apple did not immediately respond to a request for comment.

On Thursday, Apple stock closed 4.3% higher at $175.04. Despite Thursday's gains, Apple shares are down more than 5% so far this year.

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