AAPL Jul 2024 280.000 call
- Yahoo Finance Video
It's time to focus on AI's 'practical implications': Strategist
The ADP National Employment Report saw private payroll growth slow in May, signaling a cooling labor market. State Street Global Advisors Chief Investment Strategist Michael Arone joins Morning Brief to break down what's driving the market (^DJI,^GSPC, ^IXIC) amid sticky inflation. Arone points to tech earnings as a major market catalyst while the economy cools. He believes that the momentum fueled by the AI boom can continue, calling semiconductors "the key ingredient to the global economy." Arone explains that if the economy gets the soft landing envisioned by the Fed, the market will broaden out with greater participation in tech. While the AI race shows no signs of slowing anytime soon, Arone warns, "I think that we really need to move from possibilities of AI to the practical implications of AI." He believes Apple (AAPL) will be key to that equation, as it is relatively late to the AI game, yet looking to adopt the technology and get it on the market as soon as possible. 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
- Bloomberg
Apple Made Once-Unlikely Deal With Sam Altman to Catch Up in AI
(Bloomberg) -- When a 23-year-old Sam Altman took the stage at Apple Inc.’s annual developer conference in 2008, he gushed about being able to use the company’s new App Store to promote his software, a friend-locating service called Loopt. “We think this is a new era of mobile, and we’re thrilled to be part of it,” Altman said.Most Read from BloombergModi Vows to Retain Power Even as Party Loses India MajorityBlackRock, Citadel Back Texas Stock Exchange in Challenge to NYSEModi’s Magic Is Fading
- Investing.com
WWDC a ‘pivotal moment’ for Apple with AI plans in focus- Wedbush
Investing.com-- Apple Inc's (NASDAQ:AAPL) Worldwide Developers Conference (WWDC) is set to be a pivotal moment for the iPhone maker, Wedbush analysts wrote in a note, especially with the tech giant widely expected to reveal its plans for artificial intelligence.
