Apple CEO Tim Cook boasted about the company's upcoming generative AI plans during the iPhone maker's Q2 earnings call.
The stock market today built on early gains. Apple rose ahead of earnings while Carvana shares catapulted on its results.
Apple shares were gaining ground in late trading Thursday after the company posted March quarter results that weren’t as bad as the market had feared. For the March quarter, Apple posted revenue of $90.8 billion, down 4% from a year ago, and slightly above the Wall Street consensus forecast as tracked by FactSet of $90.5 billion. The company said it expects to return to modest revenue growth in the June quarter.