Shyon
07-03

$Apple(AAPL)$  

I am intrigued by the news that Apple is reportedly considering adopting artificial intelligence technologies from Anthropic or OpenAI to develop a new version of Siri. This development feels like a significant shift, especially since it might mean putting the company's in-house artificial intelligence models on hold. I am curious to see how this strategic move could help reverse Apple's lag in the artificial intelligence space, and I am hopeful it will bring some innovation to Siri, which has felt a bit stagnant to me lately.

I am also encouraged to hear that Apple has risen for two consecutive days, breaking above the fifty-day moving average. This upward movement makes me wonder if it signals an upcoming breakout. It is a promising sign, and I am starting to feel a bit more optimistic about the stock's potential, especially after seeing this technical indicator play out.

However, I cannot overlook the fact that year-to-date, Apple ranks second to last among the Magnificent Seven. This ranking gives me pause, as it highlights how the company has been struggling to keep up while the market continues to hit new highs. I am left wondering if now is the time for Apple to play catch-up, and I am eager to see how these recent developments, including the potential AI partnership, might influence its position in the coming months.

Overall, I am cautiously excited about Apple's prospects. The combination of a potential AI overhaul for Siri and the recent stock performance has me intrigued. I will be keeping a close eye on how these factors unfold, as they could be pivotal in determining whether Apple can erase its year-to-date loss and reclaim its standing among the market leaders.

@Tiger_comments  @TigerStars  

Mag 7 Earnings Wrap-up: Is AI Boom Still Driving the Market?
Big Tech's earnings season is nearly complete — with only Nvidia left on deck. Among the Magnificent 7, 3 names rallied after their reports, while Tesla, Amazon and Apple stumbled. As earnings wrap up, one question remains: did this quarter reaffirm your faith in Big Tech? Who surprise you the most? Is AI boom still the best theme in stock market?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment