Previous close | 108.00 |
Open | 109.33 |
Bid | 110.85 |
Ask | 113.15 |
Strike | 405.00 |
Expiry date | 2026-12-18 |
Day's range | 109.33 - 109.33 |
Contract range | N/A |
Volume | |
Open interest | 318 |
Apple's new AI initiative is meant to get users to upgrade their phones sooner than later.
Despite initially sliding, Apple (AAPL) shares have risen as investors digest the tech giant's AI announcements. New Street Research technology infrastructure analyst Antoine Chkaiban joins Market Domination to discuss Chkaiban notes that while Apple's Worldwide Developers Conference (WWDC) on Monday had "boring" moments, "it was exciting because we thought it articulated very well the promise of generative AI at the core of the operating system." However, he doubts whether the technology alone can spark a product cycle, explaining, "we're not really convinced that on-device AI will enable game-changing user experiences because the hardware simply is not game-changing... since GPT-4 is anyway available readily on most iPhones through the ChatGPT app, the question is, do users really need to upgrade to use that technology? The answer so far is not really." Regardless, he believes the stock is "fairly valued," especially as services are at an all-time high. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Melanie Riehl
May's Consumer Price Index (CPI) was lower than expected, showing signs of cooling inflation. Apple (AAPL) has overtaken Microsoft (MSFT) as the most valuable company, speeding past the tech competitor after Apple shares surged to a record high on its AI announcements. The European Union (EU) has announced that it will impose tariffs of up to 38% on Chinese EV imports beginning on July 4. The International Energy Agency (IEA) has raised concerns about a potential oversupply in the global oil market, warning that a surge in US-led production could outstrip demand by a staggering 8 million barrels per day by the year 2030. For more expert insight and the latest market action, click here to watch this full episode of Catalysts.