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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