Apple shares gain on report it is testing an AI chatbot

Apple tests generative AI tools to rival OpenAI's ChatGPT - Bloomberg News

July 19, 2023 12:46 PM EDT

(Reuters) -Apple is working on artificial intelligence (AI) offerings similar to OpenAI's ChatGPT and Google's Bard, Bloomberg News reported on Wednesday, sending its shares up as much as 2% to a record high.

The iPhone maker has built its own framework, known as "Ajax", to create large language models (LLMs) and is also testing a chatbot that some engineers call "Apple GPT", the report said, citing people with knowledge of the matter.

The company did not... More

Stocks react to news Apple is getting into the AI arms race

July 19, 2023 12:22 PM EDT

News that Apple (NASDAQ: AAPL) is getting into the AI arms race has various stocks moving:

Alphabet (NASDAQ: GOOGL) (negative) -0.4%: currently provides search results on iOS and has its own AI chatbot - BardMicrosoft (NASDAQ:... More

Apple Races To Develop Own Generative Ai Tools To Catch Openai - Bloomberg

July 19, 2023 12:05 PM EDT

Apple Races To Develop Own Generative Ai Tools To Catch Openai - Bloomberg

... More

Apple (AAPL): Bank of America says checks indicate weak production trends for FQ3

July 19, 2023 9:11 AM EDT

Bank of America analyst Wamsi Mohan reiterated a Neutral rating on Apple (NASDAQ: AAPL) stock heading into the FQ3 results. The Cupertino-based giant is set to report results after market close on August 3.

BofA sees Apple reporting EPS of $1.17 on revenue of $80.7... More

Apple (AAPL) PT Raised to $210 at BofA Securities, 'We expect a mostly inline qtr'

July 19, 2023 6:42 AM EDT

(Updated - July 19, 2023 7:11 AM EDT)

BofA Securities analyst Wamsi Mohan raised the price target on Apple (NASDAQ: AAPL) to $210.00 (from $190.00) while maintaining a Neutral rating.

The analyst comments "Apple is set to report F3Q23 (June qtr) after... More

'Boring' but 'consistent' Apple (AAPL) sees price target raised at Jefferies into results

July 18, 2023 8:56 AM EDT

While Jefferies analyst Andrew Uerkwitz sees a "quiet quarter" for Apple (NASDAQ: AAPL), the analyst is using the opportunity to raise his price target by 16% to $225 from $210 ahead of the results. The firm also maintained a Buy rating.

"After June in which Apple set out its long term vision of computing, this earnings call will bring us back to the reality of iPhone and services being the two most... More

Apple (AAPL) PT Raised to $225 at Jefferies

July 18, 2023 8:17 AM EDT

Jefferies analyst Andrew Uerkwitz raised the price target on Apple (NASDAQ: AAPL) to $225.00 (from $210.00) while maintaining a Buy rating.... More

Stock market today: Dow rises as banks, tech shine, but telecoms stifle gains

July 17, 2023 4:42 PM EDT

Investing.com -- The Dow closed higher Monday, led by tech and financials as investors looked ahead to more quarterly results from Wall Street banks and other major corporations later this week, though broader market gains were kept in check by a stumble in telecoms.

The Dow Jones Industrial Average rose 0.2%, or 76 points, the Nasdaq was up 0.9%, and the S&P 500 rose 0.3%.

Financials rally ahead of earnings from Bank of America, Morgan Stanley and Goldman Sachs

Financials... More

S&P 500 rises as financials, tech shine ahead of further earnings parade this week

July 17, 2023 3:53 PM EDT

Investing.com -- The S&P 500 racked up gains Monday, led by tech and financials as investors looked ahead to more quarterly results from Wall Street banks and other major corporations later this week.

The S&P 500 rose 0.4%, the Dow Jones Industrial Average rose 0.2%, or 79 points, and the Nasdaq was up 0.9%.

Financials rally ahead of Bank of America, Morgan Stanley and Goldman Sachs

Financials rallied more than 1% as investors anticipate further signs of the strength in... More

Active options: TSLA AAPL NVDA AMD T PLTR AMZN RIVN DIS AMC

July 17, 2023 1:42 PM EDT

Active options: TSLA AAPL NVDA AMD T PLTR AMZN RIVN DIS AMC

... More