Yahoo Finance's Akiko Fujita and Brian Cheung discuss reports that Apple will look to expand its supply chain outside of China and how the stock is responding.
Shares of Apple (NASDAQ: AAPL) climbed higher on Monday, adding as much as 4.1%. The catalysts that sent shares higher were several reports that were good news for Apple shareholders. A report over the weekend suggested that the iPhone maker is looking to increase its production outside China, according to The Wall Street Journal.
The artificial intelligence (AI) market has grown significantly in recent years as companies have launched more powerful chips and data-processing algorithms. Yet this nascent market could still grow at a compound annual growth rate (CAGR) of 20.