AAPL - Apple Stock Is Getting A Boost From AI Today: What's Going On? | Benzinga
Apple Inc (NASDAQ:AAPL) shares are trading higher Tuesday following a report suggesting the company is working on AI chips for data centers.
What Happened: Apple has been designing its own chips for iPhones, iPads, Apple Watches and Mac computers over the past decade.
According to a Wall Street Journal report, Apple has also been working on its own chip designed for AI software internally code-named Project ACDC — Apple Chips in Data Center.
The report indicates that Apple has been working closely with Taiwan Semiconductor Manufacturing Company Ltd (NYSE:TSM) for design and production of the chips.
People familiar with the matter reportedly told the Wall Street Journal that Project ACDC has been in the works for several years and does not have a set release date. Some of the ...