AI

Nvidia’s Race With Apple, Ark Invest’s Big Moves And AI’s Future In Smartphones: Top Updates This Week In Artificial Intelligence – Apple (NASDAQ:AAPL), Advanced Micro Devices (NASDAQ:AMD)



MEMORIAL DAY FLASH SALE: 50% OFF BENZINGA PRO

As we honor our freedom, take a stand today. Secure the financial freedom that both you and your family deserve. Get exclusive market moving news for just 50% off.  Claim your 50% discount here.


The past weekend was a rollercoaster ride in the tech and investment world. From Nvidia Corp. (NASDAQ:NVDA) inching closer to Apple Inc. (NASDAQ:AAPL) in terms of market capitalization, to Ark Invest making significant trades, and the future of AI in smartphones, there’s a lot to unpack. Let’s dive into the top stories.

Nvidia’s Rapid Ascent

Nvidia is closing the gap with Apple to become the world’s second most valuable company by market capitalization. The difference between the two tech giants is now just over $250 billion. Nvidia’s shares have seen a rapid and sustained surge, enriching its investors by over 127% in the last five months, while Apple’s stock has moved at a slower pace, gaining only 3.6% in the same period. Read the full article here.

Ark Invest’s Strategic Trades

Cathie Wood-led Ark Invest made significant trades involving Advanced Micro Devices Inc (NASDAQ:AMD), Palantir Technologies Inc (NASDAQ:PLTR) and Moderna Inc. Ark bought 7,861 shares of AMD for ARK Next Generation Internet ETF, valued at $1.35 million. Read the full article here.

See Also: Mark Cuban Says Putting All Your Money In The Market Instead Of The Bank Is Idiotic: 5 Investment Tips Fr

OpenAI Controversy

Former OpenAI board member Helen Toner has criticized CEO Sam Altman, citing his history with previous employers Y Combinator and startup Loopt Inc. Toner justified her moves to get Altman fired from OpenAI by saying he hid crucial information from the board. Read the full article here.

AI’s Future in Smartphones

As the launch of Apple’s iPhone 16 with AI integration nears, market analytics firm Canalys predicts a boom in AI-capable smartphones over the next few years. By 2028, the firm expects more than half of the world’s smartphones to be AI-capable. Read the full article here.

Apple’s AI Challenge

As Apple investors look ahead to the annual World Wide Developers Conference, Bloomberg columnist Mark Gurman suggests that Apple, despite being a late-entrant in the AI race, could emerge as the biggest AI player overnight. Read the full article here.

Read Next: Biden Vs. Trump: Voter Sentiment Evenly Poised But New Poll Reveals 3 Findings That Do Not Bode Well For

Photo by Blue Planet Studio on Shutterstock

This story was generated using Benzinga Neuro and edited by Navdeep Yadav.


MEMORIAL DAY FLASH SALE: 50% OFF BENZINGA PRO

As we honor our freedom, take a stand today. Secure the financial freedom that both you and your family deserve. Get exclusive market moving news for just 50% off.  Claim your 50% discount here.


ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you’ll also get Benzinga’s ultimate morning update AND a free $30 gift card and more!

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.



Source

Related Articles

Back to top button