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[Weekly Syrup] Apple's AI announcement: Hey Siri, can you earn one million for me?

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Moomoo CA wrote a column · Jun 17 05:16
[Weekly Syrup] Apple's AI announcement: Hey Siri, can you earn one million for me?
$Apple(AAPL.US)$ hit a record high on the second day of WWDC, and things got pretty exciting. The tech giant finally revealed its much-anticipated AI strategy, introducing the groundbreaking "Apple Intelligence" technology across its apps, including Siri. Oh, and they’re also bringing OpenAI's ChatGPT to their devices—techie dreams finally come true!
On Tuesday, Apple's shares went bananas, shooting up by a whopping 7.3%.
This isn't just a blip; it’s the biggest single-day jump since 2022 and the third time in three years that they’ve had such a leap. With this surge, Apple's market cap ballooned by about $215 billion, crossing the 3 trillion dollar mark and leapfrogging over $NVIDIA(NVDA.US)$. It looks like Apple is on its way to reclaiming its crown as the biggest company in the U.S.
Morgan Stanley has become the cheerleader for the new "Apple Intelligence" tech, predicting it will drive upgrades and boost user loyalty. They're sticking with their iPhone sales forecast of 231 million units for this year and expecting 247 million units next year.
Major Wall Street analysts are updating their ratings too, with price targets between $164 and $238.
If you’re curious about the latest investment ratings and price targets for Apple from 15 analysts, click here!
[Weekly Syrup] Apple's AI announcement: Hey Siri, can you earn one million for me?
But before other recaps, let's look at something different:
What's Moo'ed?
"What's Moo'ed" is a space that captures fun, newsworthy, jaw-dropping and sometimes confusing (lmao) news clips for mooers so that you know this is a colorful world (or a weird and speechless one)
1) Finance. Trust fund. 6′5. Blue eyes.
Finance became the most desirable and stable industry to work in among students aged 18 to 25 in 2023, according to a report by the CFA Institute. This means that it would be difficult for a marketing graduate who's 5'6 with brown eyes and a chihuahua to calm down...
the chihuahua...
[Weekly Syrup] Apple's AI announcement: Hey Siri, can you earn one million for me?
2) Your gold investment is soaring, literally!
A former Air Canada manager who is wanted for his alleged role in a $20 million gold heist, the largest in Canadian history, is preparing to turn himself, his lawyer told the Canadian Broadcasting Corp on Friday. The best Air Canada job advertisement ever. Hands down!
3) Can we just Youtube & Chill?
YouTube is testing out server-side ad injection to bypass ad blockers. Essentially, this means that both the ad is injected into the video before it arrives on your device, making it harder for software to detect and block the ad. We won't wait long before we can watch ads in our brains, thanks to Elon Musk's brain chip. Hurry up, Neuralink!
[Weekly Syrup] Apple's AI announcement: Hey Siri, can you earn one million for me?
4) More reasons to crowd cinema
Disney’s latest animated film, “Inside Out 2,” has scored the record of this year's summer box office in US, becoming the first movie of 2024 to reach $100 million in domestic sales during its opening weekend. Ipads in households will be foreseeably occupied by it after it is streamed. Maybe it's time to check out your old pals in Toy Story before they are long forgotten.
Okay, let's dive back to the syrup:
Tesla: AI EV era finally comes?
$Tesla(TSLA.US)$ recent shareholder meeting was a big hit, with Elon Musk's $56 billion pay package getting the thumbs up and a move to Texas on the horizon. It looks like Musk has cemented his leadership at Tesla, and the company is gearing up for even more AI innovation. Exciting times ahead for Tesla fans!
By June 13, Tesla's stock had climbed 2.92% to $182.47.
And guess what? Cathie Wood and her Ark Invest company just bumped up their target price for Tesla stock to a whopping $2,600 by 2029. Despite the green light on Musk's pay plan, a Tulane University law professor pointed out that
Some legal challenges are still hanging around, with Musk facing multiple trials.
Musk's got big plans for making Teslas more affordable, hinting at a budget-friendly model coming in 2025.
Besides ramping up Cybertruck and Semi production, Tesla's rolling out new goodies like RobotTaxi and small electric commercial vehicles.
JPMorgan Asset Management is optimistic that U.S. stocks' strong performance will continue into the latter half of 2024. So, be it Tesla or other major stocks, the best is yet to come!
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[Weekly Syrup] Apple's AI announcement: Hey Siri, can you earn one million for me?
What do you think of Apple's new AI announcement? And what's your take on other hot issues in the past week? How can they earn you more money?
Share your stories, ideas, feelings and emojis in the comments below:
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[Weekly Syrup] Apple's AI announcement: Hey Siri, can you earn one million for me?
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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