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Apple 'Let Loose' event: New rally ahead?
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Is Apple developing its own AI chip?

For data center messaging: Apple develops its own AI chip
According to some sources, $Apple (AAPL.US)$Apple is currently developing its own artificial intelligence chips for data centers, but it is unclear when or whether they will launch them.

As soon as the news came out, it drove Apple's stock price higher after the market, but there was little upward momentum.
The Wall Street Journal quoted people familiar with the matter as reporting that Apple has used self-developed chips in iPhones, Macs, and other devices, and artificial intelligence chips for data centers will be carried out on this basis.
The report said that the project is codenamed ACDC within the company.
Apple's stock price rose 1.2% after trading on Monday. By the close, the stock had a cumulative decline of 5.6% this year. Apple representatives have yet to respond to requests for comment.
If Apple could push ahead with the development of its own server processors, it would be similar to what some of the biggest tech companies are doing.
$Amazon (AMZN.US)$AWS, owned by Amazon $Alphabet-A (GOOGL.US)$Google, $Microsoft (MSFT.US)$Microsoft and $Meta Platforms (META.US)$The data centers operated by Meta Platforms all use semiconductors of their own design to a certain extent, right $Intel (INTC.US)$Intel's traditional dominance in this field has had an impact.
Is Apple developing its own AI chip?
Source: Nanyang Siang Pao
Disclaimer: This content is for informational and educational purposes only, and does not constitute any specific investment, investment strategy, or recommendation endorsement. The reader shall bear any risk and responsibility arising from reliance on this content. Always conduct your own independent research and evaluation and consult professional advice if necessary before making any investment decisions. The author and related participants are not responsible for any loss or damage resulting from the use or reliance on the information contained in this article.
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