Apple Tests ‘Apple GPT,’ Develops Generative AI Tools to Catch OpenAI.
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So if we didn't think AI was already over exaggerated. Apple Today released the news that it was going to be working on a competitor type software. so Apple is working on AI tools to challenge competitors offering offerings. Uh, Bloomberg says so Did Apple say the magic word Apple GPT I I Can't even put into words about like how insane all of this is right? You can see that once the news was announced right around uh, 12 o'clock Eastern time we saw a huge gap up to highs of 198.
And for those that are unaware, that is all-time highs for Apple. And yes, that Catalyst was solely driven based off of the news of AI. So it's going to be really interesting to follow up because as many of you guys know, Apple stock reports earnings next week. and when they report earnings, well, that's just based off of previous quarterly earnings.
so that's not going to have to do anything with AI. But during their earnings call, it's going to be very interesting to see if they talk about any future projects, especially in the AI space and how they can get a piece of that. Marketplace and I Just think it's going to be insane if this was just a little comment on working on something during the guidance call, there must. There's much more substance behind that specific message.
So as of right now I mean in my opinion, an overreaction, but we hit 52 week. Uh, we hit all-time highs for Apple. Uh, so right now we're kind of consolidating. holding above the EMA line, we'll see if the rest of the market actually ends up holding or if Apple ends up giving it back and if it does, then the NASDAQ Market might drop a little bit further.
Uh, where is Tesla Tesla Stock reports earnings today after the market closes. A quick little heads up for those that are unaware: I will be live streaming Tesla's earning reports today at 2 pm eastern time which is right after the market closes. I'm going to be going live about 10 to 15 minutes. So again I I Know it's a lot to ask, but make sure you subscribe and make sure you turn on your post notifications because you don't want to miss this one.
We all know that Tesla Even though it's nearly a trillion dollar company, it trades Us close to a lower cap stock than any other billion or trillion dollar company out there, right? Uh, so as of right now, Tesla did pull back a little bit, but it's kind of following the NASDAQ Market. As you can see, the NASDAQ Market shows a very similar pattern uh to Tesla itself. I Mean we can compare the two right on over here. You can see that it, um, you know it Compares very closely.
Uh, but as of right now, I mean this is nothing in comparison to what can happen shortly after that report comes and then shortly after their uh earnings call begins right? The main focus that we're looking into is what's To come for Tesla right? We are expecting their overall net profits to be a little bit lower as they drop their prices, but demand has risen right? What does Elon thing? What do the executives think for a future forecast? Do they see uh, you know, new projects coming on? I Know that Elon Musk talked about two new uh, vehicles or not just necessarily vehicles, but two new products that Tesla's going to be releasing? Are we going to get a hint during these? uh, this earnings call? I think it's going to be very interesting and I'm excited to follow up with you guys and again again. all I literally ask you to do is subscribe to the channel so you don't miss out on that Tesla earnings report that will be reported today. The last thing that I would quickly want to share with you is for those that like paying attention to the airline industry. United Airlines reported earnings today and it looks like as of right now it is down. If I'm not mistaken the reported pre-market I'm gonna have to double check that and I know American Airlines reports tomorrow so it's definitely something that I'm going to be paying attention to. So I just wanted to make sure that I keep you guys up to date over on. NASDAQ Market Seems like a break-even market I Mean this week is going to be interesting really? because Tesla reports earnings today after the market. closes, but next week is when big Tech reports earnings such as Amazon Google Meta Apple Like the big tech companies, the trillion dollar companies report earnings next week and I hope that you're ready for that.
so without further Ado I'll keep you guys up today I Hope that we're into a thumbs up, but just wanted to make sure you understood why the market gapped up very quickly for a short period of time and that's due to Apple announcing their AI introduction. So really do appreciate you guys time. I'll see you later for uh Tesla's live stream uh and their earnings report so we'll see on the next one. If you have any questions, feel free to shoot me a direct message via Discord or via Instagram and that's the first or third link in the description down below.
Like always, let's make sure that we're in the year. I Agree, No. take it easy, team.
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The planet is burning. What are these companies doing? Everyone is moving too slow while climate change is smacking us the face 🥵😩
Lol my TSLA calls got burned😂 it was only $100 but safe to say I’ll never play company earnings ever again 😂😂😂
Urgent
I don’t think apple reports earnings next week. I believe it’s on 8/3?
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Apple ML
I wonder if Apple GPT will be in the form of a hologram of Steve Jobs.
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A.I = DotCom
Thank you Ricky! Appreciate the update! Ready for Tesla earnings!
QQQ falling now. Why?
Everyone is lol they just want a bounce in their stock
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