Apple Is Sending Alphabet Stock Higher Monday: What's Going On?
Portfolio Pulse from Adam Eckert
Alphabet Inc's (NASDAQ:GOOG) shares rose following reports of discussions with Apple Inc (NASDAQ:AAPL) to integrate Google's Gemini AI into iPhones. The negotiations focus on licensing Gemini for new iPhone features. Apple, also in talks with OpenAI, has lagged in AI development compared to peers. Both companies' stocks traded higher after the news, with Alphabet's shares up 4.85% to $149.06.
March 18, 2024 | 12:57 pm
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POSITIVE IMPACT
Apple Inc's stock also rose following the news of discussions with Alphabet to license the Gemini AI for upcoming iPhone features.
The news of Apple engaging in discussions with Alphabet for AI integration into iPhones suggests a strategic move to enhance its AI capabilities, likely positively impacting its stock in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Alphabet Inc's stock rose following reports of potential integration of its Gemini AI into iPhones, in discussions with Apple.
The potential partnership with Apple to integrate Gemini AI into iPhones could significantly boost Alphabet's visibility and adoption of its AI technology, positively impacting its stock in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90