Apple (AAPL) stock saw a boost for the second consecutive day, driven by reports of a major artificial intelligence (AI) focus in their Mac computer lineup. The stock rose by as much as 1.9% in morning trades, reaching 178.36 and surpassing its 50-day moving average. However, by the end of the day, the stock settled at 176.55, marking a 0.9% increase.

According to Bloomberg, Apple is planning a significant overhaul of its Mac lineup, incorporating processors with AI capabilities. The new Mac computers will be powered by M4 chips, the latest in Apple’s line of in-house processors. Analysts anticipate that AI features will also be introduced in the upcoming iPhone 16 lineup this fall.

Apple is expected to showcase its AI advancements at the Worldwide Developers Conference taking place from June 10-14. Following this news, CFRA Research analyst Angelo Zino reaffirmed his buy rating on Apple stock, viewing the dip in stock value as a promising opportunity for investors.

The tech giant is aiming to enhance its revenue streams by integrating AI capabilities into their iPhones and other premium devices. For more updates on consumer technology, software, and semiconductor stocks, you can follow Patrick Seitz on X, formerly Twitter, at @IBD_PSeitz.