Apple Stock Jumps Over 3% On Report Of iPhone Maker Eyeing AI Chip Acquisitions

Apple shares rise after report says company is exploring AI chip acquisition opportunities.

(Photo: Unsplash)

Apple Inc. shares climbed more than 3% after a report suggested the iPhone maker is exploring acquisitions in the artificial intelligence chip space to bolster its AI ambitions.

According to The Information, Apple has held discussions with bankers about potential acquisition opportunities and has also approached several AI chip startups to gauge their interest in a possible deal.

(This is a developing story)

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