Apple is nearing a deal with Google that would see the iPhone maker pay the tech giant roughly $1 billion a year for a custom version of Google's Gemini AI model to power its overhaul of Siri, according to a new report from Bloomberg.
Apple plans to use a 1.2 trillion parameter artificial intelligence model developed by Google to help power an overhaul of the Siri voice assistant, Bloomberg News reported on Wednesday.
Over recent years, tech giant Apple NASDAQ: AAPL has lost its distinction as the most-watched stock in the market. The company's sluggish product sales growth has led to it becoming a less discussed name among the Magnificent Seven.
Apple's strong iPhone 17 demand and upbeat holiday outlook could favor Apple-heavy ETFs like FTEC, IYW and VGT. But slowing China sales and rich valuations are a drag.
Apple Inc. reported solid revenue growth for fiscal Q4 '25, but AAPL stock price already reflects expectations for sustained double-digit gains. The company has seen decent iPhone 17 sales growth, though the growth appears driven by the replacement cycle, not breakthrough technology or AI advancements, raising sustainability concerns for AAPL. AAPL trades at a premium 33x forward EPS, higher than peers like Microsoft, Alphabet, and Meta Platforms, despite slower projected long-term growth.
Apple doesn't market its machines as affordable, but that could be changing.
The laptop will have an iPhone processor and a lower-end LCD display, with the screen coming in slightly below 13.6 inches, the smallest of any current Mac, Bloomberg reported.
The S&P 500 and NASDAQ futures are trading down over 1% on Tuesday, following Palantir's 6.9% decline despite beating earnings expectations and giving strong forward guidance.
It's been a lackluster year for Amazon NASDAQ: AMZN and Apple NASDAQ: AAPL. While both outperformed the S&P 500 over the past 12 months, their returns fell short of investor expectations in a bull market supercharged by artificial intelligence enthusiasm.
For the first nine full months of the year, the U.S. market is up by 15%, including dividends. September was a juicy month with several dividend payments. I also added more shares of CCL and SJ:CA to boost the payouts. Going forward, I have two positions to increase: Dollarama and Broadcom. I will make trades when I reach $1,000 in cash (currently at $405).
The London Company Income Equity portfolio increased 6.0% gross (5.8% net) during the quarter vs. a 5.3% increase in the Russell 1000 Value. Corning Inc. continues to outperform expectations, led by strong demand in its Optical Communications segment, particularly its GenAI-related products. Nintendo Co. was a bottom performer this quarter due to volatility at the beginning of the console cycle, with data points and estimates being updated.
Here are a few potential candidates reportedly being considered to fill the chief executive role once Tim Cook decides to retire.