Apple Partners With OpenAI for AI Integration Into iOS & MacOSApple ( NASDAQ:AAPL ) has emerged as the talk of tech town ahead of WWDC24, with reports claiming the company is in partnership with OpenAI for AI integration into iOS and macOS models. Although no official statement by the firms has surfaced in the market, the news has taken the industry by storm. Apple remains poised to unveil AI features in the upcoming WWDC, reported Bloomberg correspondent Mark Gurman. Project Greymatter, a set of AI tools that the company will integrate into core apps like Safari, Photos, and Notes, lies at the core of the event. These features will be integrated into iOS18 models and macOS15 models, with operations handled via a two-structured process. A detailed structure will probably be ruled out at the upcoming WWDC event.
Also, the industry is abuzz with numerous reports of Apple's plans to leverage Google's AI services as well. Although an official statement is much-awaited, these talks have taken the AI industry by storm. A potential collaborative effort with Google may not come as a surprise, given OpenAI's recent scrutiny due to the misuse of its technology across various sectors. Nonetheless, numerous reports across the globe proclaim a partnership between OpenAI and Apple is in the pipeline.
It's worth noting that Apple Inc.'s stock price traded at $191.66 today, up 0.7% as of the time of writing. If plans to integrate AI go successfully, the firm could see a significant rise in value. OpenAI remains poised to benefit substantially from its partnership with Apple ( NASDAQ:AAPL ), although more details are much-awaited.
Applestockanalysis
APPLE $AAPL - Mar. 9th, 2024APPLE NASDAQ:AAPL - Mar. 9th, 2024
BUY/LONG ZONE (GREEN): $174.25 - $187.15
DO NOT TRADE/DNT ZONE (WHITE): $168.15 - $174.25
SELL/SHORT ZONE (RED): $155.65 - $168.15 (or extended from previous post, $175.40 - $181.50)
Weekly: Bearish
Daily: Bearish
4H: Bearish
NASDAQ:AAPL price completely smashed through the bearish zone. Here are the updated zones I would be looking at when entering trades. Extended hours are displayed on the 4h to show how price moved towards the bottom and throughout the bearish zone, price went strongly through the bottom level and with no reversal insight shorts should have continued, at least partially. As a trend trader I am open to going in either direction, however; I would not consider going long until at the very least there is a close above the $174.25 level, but even then the weekly timeframe will not have enough time to label it as bullish. I labeled the start of the bearish trend and some quick thoughts as I glanced at the charts, previous post will be linked with this one.
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!