Musk said the partnership between OpenAI and the iPhone-maker has given the ChatGPT-maker access to “billions of user prompts.”
Two of Elon Musk's companies sued Apple and OpenAI on Monday, accusing the pair of an "anticompetitive scheme." In this article AAPL
The three major stocks in this analysis all look a bit lost in the premarket trading of Monday, but ultimately, all are positive from a longer-term standpoint. At this juncture, I have no interest in shorting any of them.
AAPL stock (NASDAQ:AAPL) has been the underperformer compared to its Big Tech counterparts, increasing by only 1% over the last 12 months, whereas Nvidia has risen by 40%, Amazon by 30%, and Google by 20%. The disparity is not related to hardware or services.
Warren Buffett's Berkshire Hathaway rejigged its portfolio and grew its cash pile last quarter. Close watchers of the company praised its UnitedHealth investment and sales of Apple stock.
After a series of moderate upgrades, Apple is planning a three-year iPhone overhaul. That's according to a report Sunday (Aug. 24) by Bloomberg News, which noted this plan to jumpstart Apple's flagship product is happening as other industry players shift toward more artificial intelligence (AI)-centered products.
Apple (AAPL 1.21%) and Microsoft (MSFT 0.56%) were founded in 1976 and 1975, respectively. They've remained relevant in an ultracompetitive environment.
Tech sector capital investment is surging, but enterprise AI adoption is showing disappointing returns, with 95% seeing zero ROI per an MIT study. This disconnect raises concerns about who will ultimately pay for the ongoing AI investment if enterprise customers remain slow to realize benefits. Recent underperformance in growth tech stocks reflects these doubts, while value-oriented dividend stocks have demonstrated resilience and defensiveness.
Everyone wants to find stocks that can turn them into millionaires, and buying Apple (AAPL 1.21%) early on would've done just that. Had you bought just $1,455 worth of shares exactly 30 years ago in August 1995, you'd be staring at a seven-figure dollar sum in your portfolio.
Alphabet shares rose 3% on a Friday report that Apple is in talks to incorporate Gemini technology for a revamped version of Siri, Apple's voice assistant. The talks come as the two tech giants face an uncertain future as its deals for search placement is at risk pending a regulation decision.
Apple is falling behind in the race to transform Siri into an AI assistant that's as powerful as its competitors. As consumers grow more impatient, Apple is considering using another company's tech instead of developing its own.
Shares of both companies extended gains in afternoon trading following the report.