NatalieLopez

 30 Apr 24

tl;dr

Apple (NASDAQ:AAPL) has quietly assembled a team of AI experts, recruiting talent from tech giants like Google (NASDAQ:GOOG), Amazon (AMZN), and Microsoft (MSFT). Since 2018, Apple has hired at least 36 AI specialists from Google, along with former experts from Amazon, Microsoft, Netflix (NFLX), Met...

Apple (NASDAQ:AAPL) has quietly assembled a team of AI experts, recruiting talent from tech giants like Google (NASDAQ:GOOG), Amazon (AMZN), and Microsoft (MSFT). Since 2018, Apple has hired at least 36 AI specialists from Google, along with former experts from Amazon, Microsoft, Netflix (NFLX), Meta (META), Uber (UBER), Intel (INTC), and ByteDance (BDNCE). While most of the team is based in California and Seattle, Apple also has a research lab in Zurich. Despite this, Apple has not unveiled its AI plans, in contrast to competitors like Microsoft, Google, and Amazon. As a result, Apple's shares have declined by 10% this year, while its rivals have seen steady gains. Analysts anticipate Apple may announce its AI developments at the Worldwide Development Conference in June or with the launch of its latest iPhone in September, potentially introducing an iPhone with LLM capabilities. Apple did not respond to Seeking Alpha's request for comment.

More about Apple Inc

Stock Analysis: Apple Inc. (APPL)

Apple Inc. is a leading American multinational technology company known for its consumer electronics, computer software, and online services. It holds the distinction of being the world's largest technology company by revenue, totaling an impressive $274.5 billion in 2020. As of January 2021, Apple also holds the title of the world's most valuable company. Additionally, it ranks as the fourth-largest PC vendor by unit sales and the fourth-largest smartphone manufacturer globally. Apple is a significant player among the Big Five American information technology companies, alongside Amazon, Google, Microsoft, and Facebook.

Key Metrics:

- Industry: Technology

- Specialization: Electronic, Computers

- Revenue: $267.9 billion

- Earnings Per Share (EPS): $26.94

- Dividend Yield: 0.95%

- Price/Earnings Ratio (P/E): 6.44

- 52-Week High: $24.65

- 52-Week Low: $0.262

- Market Cap: $385.7 billion

- Current Stock Price: $186.05

- Beta: 0.16

- Volatility: 0.021

More about Alphabet Inc Class C
Alphabet Inc Class C Summary

Alphabet Inc Class C Summary

Alphabet Inc. is an American multinational conglomerate headquartered in Mountain View, California. It was created through a restructuring of Google on October 2, 2015, and became the parent company of Google and several former Google subsidiaries. The two co-founders of Google remained as controlling shareholders, board members, and employees at Alphabet. Alphabet is the world's fourth-largest technology company by revenue and one of the world's most valuable companies.

Key Financial Data

Sector: TECHNOLOGY

Services: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC.

Market Cap: $206.31 billion

Dividend Yield: 25.79

PE Ratio: None

EPS: 6.51

52-Week High: 25.37

52-Week Low: 0.259

Shares Outstanding: 318.15 million

Price to Book: $166.05

Price to Sales: 0.609

Price to Cashflow: 0.154

More about Amazon.com Inc

Company: Amazon.com Inc

Industry: Technology (E-commerce, Cloud Computing, Digital Streaming, Artificial Intelligence)

Market Sector: Information Technology

Key Competitors: Google, Apple, Microsoft, Facebook

Market Cap: $1,882,472,710,000

PE Ratio: 62.4

Dividend Yield: None

EPS: 2.9

52-Week High: $3,055.78

52-Week Low: $1,637.05

Price to Sales: 4.44

Shares Outstanding: 574,784,995

Market Price: $3,055.78

Book Value: $198.71

Price to Book: 15.34

More about Microsoft Corporation
Microsoft Corporation Summary

Microsoft Corporation is an American multinational technology company which produces computer software, consumer electronics, personal computers, and related services. Its best known software products are the Microsoft Windows line of operating systems, the Microsoft Office suite, and the Internet Explorer and Edge web browsers. Its flagship hardware products are the Xbox video game consoles and the Microsoft Surface lineup of touchscreen personal computers. Microsoft ranked No. 21 in the 2020 Fortune 500 rankings of the largest United States corporations by total revenue; it was the world's largest software maker by revenue as of 2016. It is considered one of the Big Five companies in the U.S. information technology industry, along with Google, Apple, Amazon, and Facebook.

Industry: TECHNOLOGY

Sector: SERVICES-PREPACKAGED SOFTWARE

Market Cap: 298.96 billion

Current Price: $34.86

Change: $2.93

Change (%): 11.54%

52-Week Range: $31.83 - $436.81

Dividend Yield: 0.364%

Shares Outstanding: 236,583,993,000

More about Netflix Inc

Netflix, Inc. (NFLX) Summary:

Industry: Trade & Services

Sector: Services-Video Tape Rental

Market Cap: 241.08 billion

Current Price: $603.83

52-Week Range: $38.77 - $79.7

Dividend Yield: 0.833

EPS: 0.148

More about Meta Platforms Inc.
Meta Platforms Inc. Technical Analysis Summary

Meta Platforms Inc. - Technical Analysis Summary

Meta Platforms, Inc. develops products that enable people to connect and share with friends and family through mobile devices, PCs, virtual reality headsets, wearables and home devices around the world. The company is headquartered in Menlo Park, California.

Industry: TECHNOLOGY, SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC.

Market Cap: 1,097,353,593,000

Current Price: $24.88

Price Change: $0.5

52-Week Low: $17.39

52-Week High: $55.67

Price-to-Earnings Ratio (P/E): 0.321

Volume: 142,711,996,000

Market Cap to Revenue: 482.59

Price to Sales Ratio: 1.141

Price to Book Ratio: 0.273

More about Uber Technologies Inc

Uber Technologies Inc, commonly known as Uber, is an American technology company. Its services include ride-hailing, food delivery (Uber Eats), package delivery, couriers, freight transportation, and, through a partnership with Lime, electric bicycle and motorized scooter rental. The company is based in San Francisco, California.

TRADE & SERVICES

SERVICES-BUSINESS SERVICES, NEC

Market Cap: 140.30B

Current Price: $77.47

Dividend Yield: None

EPS: 0.87

P/E Ratio: 18.31

Beta: 0.0506

Volume: 37,281,001

52-week Range: $81.65 - $1.269

52-week Change: 0.154

More about Intel Corporation

Intel Corporation is an American multinational corporation and technology company headquartered in Santa Clara, California, in Silicon Valley. It is the world's largest semiconductor chip manufacturer by revenue, and is the developer of the x86 series of microprocessors, the processors found in most personal computers (PCs).

Industry: MANUFACTURING

Sector: SEMICONDUCTORS & RELATED DEVICES

Market Cap: 133.50B

P/E Ratio: 78.4

EPS: 0.5

Dividend Yield: 0.4

52-week High: 13.11

52-week Low: 0.0736

Shares Outstanding: 5.52B

Public Float: 1.00B

Beta: 38.38

Profit Margin: -0.717

Operating Margin: 0.086

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Disclaimer

The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.
 14 Nov 24
 14 Nov 24
 14 Nov 24