Apple (NASDAQ:AAPL) stock fans will want to check in on the tech giant when May 7 rolls around for a major catalyst for shares.
That’s when Apple is holding a major event to showcase some of its newest technology. It starts at 10:00 a.m. Eastern and will be available to livestream on Apple.com or Apple TV.
While Apple hasn’t said what will be at this event, it does include some clues in its announcement. Among these is an animation of a person drawing with an Apple Pencil. This suggests that the iPad is going to be one of the main focuses of the event next month.
It’s also worth noting that Apple hasn’t released new iPads since 2022. That has both consumers and investors excited about this new event. There will also likely be updates on Apple Pencil and Magic Keyboard devices at the event.
What This Means for AAPL Stock
Events such as the one coming on May 7 are often catalysts for AAPL stock. That will likely be positive as the company shows off its new technology and excites both customers and shareholders.
AAPL stock is up slightly as of Tuesday morning alongside this announcement.
There are more stock market stories traders are going to want to read about below!
We have all of the hottest stock market news that traders need to know about on Tuesday! That includes a non-compete ban vote later today and the latest news on Nvidia (NASDAQ:NVDA). All of that info is available at the following links!
More Stock Market News for Tuesday
- Non-Compete Ban Vote: Is the FTC Getting Rid of Non-Compete Agreements?
- Keybanc Says Nvidia (NVDA) Stock Is Still One of the Top Buys in Today’s Market
- NVDA Stock: China Is Still Buying Top Nvidia Chips Despite U.S. Ban
On the date of publication, William White did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
