In Nasdaq trading today, shares of Apple Inc. (AAPL) rose $14.03, or 7.26%, to $207.15, a new all-time closing high. Today’s intraday high was $207.16, also an all-time high for Apple stock.
Apple’s 52-week low stands at $164.08.
Monday’s trading volume for AAPL shares was 168,874,733 versus Apple’s average trading volume of 60,814,360 shares.
Apple’s PE Ratio currently stands at 32.22.
Apple currently has a market value of $3.176 trillion, making it the world’s second-most-valuable company.
The top five U.S. publicly-traded companies, based on market value:
- Microsoft (MSFT) – $3.216T
- Apple (AAPL) – $3.176T
- NVIDIA (NVDA) – $2.974T
- Alphabet (GOOGL) – $2.192T
- Amazon (AMZN) – $1.948T
Selected companies’ current market values:
• Meta Platforms (META) – $1.287T
• Berkshire Hathaway (BRKA) – $883.438B
• Taiwan Semi (TSM) – $859.493B
• Tesla (TSLA) – $544.269B
• Walmart (WMT) – $536.745B
• Netflix (NFLX) – $279.461B
• Advanced Micro Devices (AMD) – $256.929B
• Adobe (ADBE) – $207.285B
• Cisco (CSCO) – $184.399B
• Disney (DIS) – $183.890B
• Intel (INTC) – $131.622B
• IBM (IBM) – $155.538B
• Sony (SONY) – $103.718B
• Dell (DELL) – $93.373B
• SoftBank (SFTBF) – $91.216B
• Spotify (SPOT) – $61.707B
• Hewlett-Packard (HPQ) – $35.541B
• Nokia (NOK) – $21.174B
• SiriusXM (SIRI) – $9.847B
• Sonos (SONO) – $1.920B
• BlackBerry (BB) – $1.629B
• RealNetworks (RNWK) – $34.560M
Apple all-time high (AAPL) via NASDAQ here.
MacDailyNews Take: As we wrote yesterday upon the conclusion of Apple’s WWDC keynote video: “Apple did enough. Nothing spectacular (and leaning heavily on OpenAI’s ChatGPT), but enough.”
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Been a long time coming. AAPL has been dead money for quite a while.
What’s the heavy lean here regarding OpenAI? Is is the on device language model? Is it the Private Cloud Compute? Is it the semantic index? As far as I can tell the OpenAI component will be the general knowledge stuff with an explicit tag telling you you’re being routed to ChatGPT. So aside from that I don’t see much leaning here.
It’s not. There is no “heavy” lean. Most of the interest and excitement is due to Apple’s own AI work here. Open AI is an addition, and really, not a major one.
You can always access openAI on apple’s platform just as you can now. Apple Intelligence is the interconnect of apple’s various services “wired” with AI features mainly processed on device or near cloud great for security. The real bleeding edge of AI will be on 3rd party solutions. So Apple is introducing practical AI across all its services for free to drive hardware sales and leaving the bleeding edge AI to mother’s. It’s probably a good safe strategy, you can still use the other AI services as needed.
So Apple has suddenly got good at AI despite the past dozen years of Siri?
MacDaily News usually has a good take on what Apple is doing and where it’s going, but not this time. Apple completely nailed it, left itself open to other cloud computing AI, but with Apple silicon servers. I think MDN has pushed the narrative (generally accepted by everyone) that Apple was way behind in AI. They aren’t and they weren’t. They were doing it the Apple way with the focus on Machine Learning and development of advanced neural networks in their own chips. That the M4 chip is a 60 times more powerful neural network than the M1 is proof of that effort. Now, as usual after Chat GPT, and Google have shown many unacceptable issues, eg, false information, hallucinations, etc, Apple steps in with device specific AI and more private cloud AI, as usual, after the party is started. I’m surprised by MDN’s take, which has always been that Apple will step in when it deems the software and market are ready. The formula has always worked and seems to still be working.
What they revealed in their totally scripted and highly controlled “demos” is much different than what we’ll see in a few months. Expect improvements in Siri along with a ton of frustration and limitations. Apple has yet to show real-world success with their approach. On the surface it looks promising, but we’re years away from the utopia Apple (and agents of influence like you) wants us to believe they’ve already created. The line about working on Siri all of these years to realize it’s vision was the biggest BS I’ve heard from Apple EVER. What we saw two days ago was the product of 18 months of frantic catch-up work.