Apple Inc. (AAPL.BA)
- Yahoo Finance Video
Meme trade roars back to life, OpenAI's GPT-4o: Market Domination
While the major stock market indexes (^DJI, ^IXIC, ^GSPC) are mixed ahead of Monday's closing bell, meme stocks are roaring back to life this session. And it all started with a post on X (formerly Twitter) made Sunday night by user "Roaring Kitty," the handle of retail trader Keith Gill that sparked the original meme trade frenzy around GameStop (GME) in early 2021. tastylive Founder and CEO Tom Sosnoff sits down with Yahoo Finance's Market Domination to share his thoughts on the "welcomed" and renewed excitement around meme stocks. Infrastructure Capital Advisors CEO Jay Hatfield joins Julie Hyman for the latest edition of Good Buy or Goodbye, shedding light on which major player in the financial space he is all in on. Also, watch for the latest coverage around Walgreens' (WBA) plans to sell off its UK chain Boots, the latest iteration of OpenAI's ChatGPT artificial intelligence model, and Kraft Heinz's (KHC) intent to sell the Oscar Mayer brand. This post was written by Luke Carberry Mogan.
- Yahoo Finance Video
Apple, OpenAI in talks to add ChatGPT to iPhones: Bloomberg
Apple (AAPL) is reportedly closing a deal with OpenAI to include its technology on iPhones. The companies are set to finalize the terms of an agreement to include ChatGPT on iOS 18. ChatGPT is among the leading AI services. As iPhone sales slumped last quarter, the partnership with OpenAI could be Apple's latest move to innovate the iPhone and increase sales. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Melanie Riehl
- Reuters
UPDATE 1-Apple supplier Foxconn's first-quarter profit jumps 72% but misses forecasts
Apple supplier Foxconn reported a 72% rise in first-quarter profit, boosted by strong demand for AI servers and coming off a low base from the period a year earlier, but the growth was lower than expected. The Taiwanese company, the world's largest contract electronics maker, said net profit for the January-March quarter rose to T$22.01 billion ($679 million) from T$12.8 billion in the same period the previous year, when earnings were hit by a T$17.3 billion writedown related to its 34% stake in Japanese electronics maker Sharp Corp. While the profit missed the T$29.31 billion forecast by analysts, it was Foxconn's third consecutive quarterly profit rise.
