Apple earnings live updates: AI strategy under the microscope as Wall Street readies for Q1 results
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Apple is the next mega-cap tech titan to report earnings after the closing bell on Thursday, and Wall Street is looking for answers on the company's AI roadmap.
The iPhone maker's fiscal first-quarter results will be a key update amid investor concerns that it has fallen behind in the AI race. Its partnership with Gemini, announced earlier this month, launched Alphabet stock to a $4 trillion market cap, but the impact on Apple shares has been muted. iPhone and other hardware sales will also be a key focus after Tim Cook said in the previous earnings call that its Q1 would be the best ever quarter for revenue.
Apple heads into the earnings call with shares down about 7% year to date. The results will be published shortly after the closing bell and the call with analysts will kick off around 5 p.m. ET.