Apple Stock Drops 1.5% as Local AI Moves Onto Desktops

This article first appeared on GuruFocus. Apple (NASDAQ:AAPL), the iPhone maker and chip designer, pitched its new desktops as a way for businesses to run AI without paying for every cloud request. Shares fell about 1.5% to $333.33 around 10:10 a.m. EST Tuesday. The bigger question for investors is whether that pitch can turn Macs into a meaningful business expense for AI teams. Warning! GuruFocus has detected 6 Warning Signs with ORCL. Is AAPL fairly valued? Test your thesis with our free DCF calculator.AAPL GF Value chart Apple says the M6 Mac mini delivers up to four times faster AI performance than its predecessor. In a demonstration reported by Reuters, four connected Mac Studios ran a trillion-parameter model using one wall outlet.