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Partnerships

AAPL

BABA

BIDU

MSFT

Apple Inc. (NASDAQ:AAPL) may partner with Chinese tech giants Baidu Inc. (NASDAQ:BIDU) and Alibaba Group Holding Ltd. (NYSE:BABA) to integrate AI features in China, according to tech analyst Gene Munster. This comes after Apple introduced new AI advancements at WWDC 2024, including a partnership with Microsoft Corp's (NASDAQ:MSFT) OpenAI to bring ChatGPT to its devices. Apple's shares closed 1.91% lower following the conference.

Portfolio Pulse from Benzinga Neuro

June 11, 2024 | 2:18 am

AAPL

Apple announced its new AI initiative, Apple Intelligence, at WWDC 2024, which will be available on iPhone, iPad, and Mac but not on Apple Watch, Apple TV, and Vision Pro at launch. The company also announced a partnership with OpenAI to integrate ChatGPT into its devices. Apple shares dipped nearly 2% following the announcement.

Portfolio Pulse from Ananya Gairola

June 11, 2024 | 2:17 am

AAPL

Gene Munster from Deepwater Asset Management believes Apple's new AI features announced at WWDC 2024 will drive growth beyond current estimates. The features, requiring newer hardware, could lead to a significant upgrade cycle. Despite the announcement, Apple shares closed lower, continuing a historical trend of underperformance during WWDC events.

Portfolio Pulse from Ananya Gairola

June 11, 2024 | 1:45 am

AAPL

CELH

LLY

META

TSLA

On Monday, major U.S. indices closed positively. Apple announced a partnership with OpenAI, Meta's legal battle over the Cambridge Analytica scandal is heading to the U.S. Supreme Court, Celsius Holdings' shares dropped significantly, Eli Lilly shared positive results from a phase 2 study, and Tesla executives supported CEO Elon Musk's pay package.

Portfolio Pulse from Benzinga Neuro

June 11, 2024 | 1:35 am

KBR

NASA has awarded KBR Wyle Services LLC a contract worth up to $75.3 million for Safety and Mission Assurance services. The contract starts on August 1, 2024, and includes a three-year base period with a two-year option.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 9:40 pm

AAPL

TSLA

Elon Musk has threatened to ban Apple devices from Tesla and SpaceX if Apple integrates OpenAI at the OS level, citing security concerns. This follows Apple's announcement of integrating OpenAI's ChatGPT into its operating systems.

Portfolio Pulse from Michael Cohen

June 10, 2024 | 9:17 pm

CACI

NASA has awarded CACI, Inc. a contract worth up to $2 billion to maintain and improve IT services under the NASA Consolidated Applications and Platform Services (NCAPS) contract. The contract spans eight years and includes various performance periods and options.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 8:44 pm

AAPL

IXN

MSFT

QQQ

TSLA

VGT

XLK

Apple shares fell nearly 2% following the WWDC 2024 event, where the company introduced new AI advancements but failed to meet market expectations for monetization. Despite the decline in Apple and Tesla shares, the broader tech sector, including ETFs with significant Apple exposure, showed gains.

Portfolio Pulse from Piero Cingari

June 10, 2024 | 8:21 pm

AVGO

DELL

Dell Technologies and Broadcom have announced an extension of their partnership to deliver a broad portfolio of jointly engineered hyperconverged solutions. This collaboration aims to enhance service to customers and partners.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 8:16 pm

DOMO

Domo (NASDAQ:DOMO) has partnered with phData to enhance data management and actionable intelligence using the Snowflake AI Data Cloud. This collaboration aims to provide real-time data and flexible AI services to empower informed decision-making.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 8:14 pm