Apple stock popped for a short time after Bloomberg News reported that the firm is internally developing its own artificial intelligence large language model. The move signifies Apple is taking advanced steps in AI technology and is thinking of integrating AI into its future products. Apple rarely uses the ‘artificial intelligence’ term and mostly prefers using the academic…
Intel stock declined by 6% after it gave investors an update about its turnaround plan to become a chip manufacturing firm competing with the Taiwan Semiconductor Manufacturing Company. Intel’s Chief Financial Officer David Zinsner explained how Intel would soon change the way it reports its financial results to give its foundry business, IFS, its own profit-and-loss…
Microsoft shares reached a record recently after analysts at JPMorgan Chase predicted the growth prospects of the Company in artificial intelligence. The stock increased 3.2% to close at $348.10, breaking its earlier all-time high record in November 2021. AI has been a buzzword all year, since OpenAI in November 2022 released the ChatGPT chatbot, which went viral quickly….
Cisco reported better-than-anticipated fiscal second-quarter earnings and revenue estimates and also lifted its prediction for the full year. Shares of the Cisco initially jumped in extended trading before paring most of its gains. The total revenue of Cisco grew 7% year over year in the quarter ended on Jan. 28. CEO Chuck Robbins said, “Some components…
