(Bloomberg) -- Apple Inc. took the wraps off long-awaited new artificial intelligence features, including a partnership with ChatGPT maker OpenAI, betting that a personalized and understated approach to the technology will win over customers.Most Read from BloombergRussia Is Sending Young Africans to Die in Its War Against UkraineInvestment Bank Moelis Probes Incident After Video of Employee Appearing to Punch WomanMacron Gambles on Snap French Election in Bid to Stop Le PenStocks Eke Out Gains...

A turnaround could be in store for Apple...

Apple kicked off its weeklong Worldwide Developers Conference (WWDC 2024) event today with the customary keynote at 1 p.m. ET/10 a.m. PT. The presentation focused on the company’s software offerings and the developers that power them, including the latest versions of iOS, iPadOS, macOS, tvOS, visionOS and watchOS. But the biggest news came with the reveal of Apple Intelligence, the company's big entrance into the competitive AI market. You can watch the archive over on Apple’s events page, or yo...

Nvidia (NVDA) has been dominating the tech AI world, but concerns have arisen about whether the semiconductor giant can sustain this momentum. CFRA Research senior equity analyst Angelo Zino and Neuberger Berman managing director Dan Flax join Market Domination to discuss if Nvidia can maintain its lead over Apple (AAPL). Zino believes Nvidia will continue to be "the main driver in AI monetization" for the next few years. He also foresees a "broadening in the customer market" within the cloud, saying he "remains very excited" about the company, noting it will outperform Apple within the next year. Flax shared a similar sentiment, stating, "We can continue to own both names," but adding, "for new money, I would have a little bit of a preference for Nvidia here, given the stronger growth over the next twelve to twenty-four months." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith...

Under pressure to deliver new features, Apple showed off an AI system that can assist users in myriad ways, emphasizing privacy at WWDC event...

It’s WWDC 2024 keynote time! Each year Apple kicks off its Worldwide Developers Conference with a few hours of just straight announcements, like the long-awaited Apple Intelligence and a makeover for smart AI assistant, Siri. We expected much of them to revolve around the company's artificial intelligence ambitions (and here), and Apple didn't disappoint. We also bring you news about Vision Pro and lots of feature refreshes. Here’s how to watch the archive of WWDC 2024. Developers should expect...

Apple (AAPL) has unveiled a partnership with OpenAI at its Worldwide Developers Conference. Harvest Portfolio Management co-chief investment officer and Wall Street Beats partner Paul Meeks joins Asking for a Trend to break down Apple's latest AI initiatives and investor reactions. "They made AI announcements that were essentially table stakes," Meeks explains. "It'll sell some iPhones, but I don't know if it's going to be significant enough to get the bulls even more excited if you get the stock close to what is already an all-time high." He is skeptical that these advancements will jumpstart an iPhone upgrade cycle, adding that part of the lift of the cycle will be due to simply upgrading old models. "There's a lot of money going into AI infrastructure builds, and that will continue for a while. But the AI apps, the follow-on, I don't know if there are going to be that distinctive," Meeks tells Yahoo Finance. For more expert insight and the latest market action, click here to watch this full episode. This post was written by Melanie Riehl...

Consumer electronics giant Apple on Monday will outline its plans to incorporate artificial intelligence into its products...

As the trading day draws to a close on Monday, here is a preview of the key events scheduled for Tuesday, June 11. On the earnings front, tech giant Oracle (ORCL) is set to release its latest quarterly earnings report. Analysts anticipate the company's sales figures will surpass expectations, driven by the growing demand for artificial intelligence solutions. Apple's (AAPL) highly anticipated Worldwide Developers Conference (WWDC) continues into its second day. Following the unveiling of "Apple Intelligence," market participants eagerly await further insights into Apple's AI-driven initiatives. In the economic realm, the release of the NFIB Small Business Optimism Index will provide valuable insights into labor market dynamics. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Angel Smith...