Apple's Conversational Siri

And, Intuit’s "promotional changes."

November 22, 2024

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Today is Friday, November 22, 2024.

The Early Bird Index today is 80.67

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Early Bird Update: 🦅 We're taking a short break from Tuesday, November 26, to Friday, November 29. We'll be back right after that. Wishing you a wonderful Thanksgiving!

Apple's Conversational Siri 

Apple (Nasdaq: AAPL) wants to progress in the artificial intelligence race, and it seems the tech company is trying to compete against ChatGPT.

Details: Bloomberg reported Thursday that Apple is trying to make a more conversational version of its Siri digital assistant. It would reportedly use more advanced large language models so people could converse with it.

Background: While the company recently released its Apple Intelligence platform, Apple is seen as lagging behind its competitors regarding AI.

Early Bird’s Nest Egg Gains: Apple has several strategies to catch up in the AI race.

  • Apple devices have access to extensive user data, enabling highly personalized AI experiences.

  • Apple has redirected resources, including employees from its canceled electric car project, to work on generative AI.

Final Thoughts: Although Apple is perceived as being behind when it comes to AI, the stock is still up 23% this year.

Man Who Called Nvidia at $1.10 Says Buy This Now...

  • This company signed a major deal with Apple

  • Nvidia has invested more in this one company than any othe

  • And its tech is found in products from Samsung and Google

Notables

Notable Earnings Today: Buckle (NYSE: BKE), Addex Therapeutics (Nasdaq: ADXN), Global Blue (NYSE: GB).

Notable IPOs Today: Brazil Potash Corp. (NYSE: GRO).

Notable Equity Crowdfunding Campaigns Ending Today: Boyd Cycling (Vicinity), Cinapse (Wefunder), Arrive (PicMii).

Notable Economic Events Today: S&P Global US Manufacturing PMI (9:45 a.m. ET), S&P Global Services PMI (9:45 a.m. ET), S&P Global Composite PMI (9:45 a.m. ET), Michigan Consumer Expectations / Sentiment (10:00 a.m. ET).

Intuit’s "Promotional Changes"

Despite posting good financial earnings results on Thursday, the financial software company Intuit (Nasdaq: INTU) fell 5.06% in after-hours trading.

Financials: Intuit reported earnings of $2.50 per share in the past quarter and revenue of $3.3 billion; both were better than expected.

Outlook: The company expects revenue in its consumer group to drop by 1% in the current quarter due to some “promotional changes” with its desktop offering. Intuit’s overall fiscal year revenue shouldn’t be impacted.

Final Thoughts: This weaker outlook hit Intuit’s stock, which was up 12% this year.

Gap’s Strong Early Holiday Sales

Christmas came early for Gap (NYSE: GAP), which reported good financial earnings results on Thursday. Shares jumped 15.70% in after-hours trading.

Financials: Gap reported earnings of 72 cents per share in the past quarter and revenue of $3.8 billion; both were better than expected.

Quote: "Holiday is off to a strong start” - CEO Richard Dickson.

Outlook: The company also raised its outlook for fiscal 2024 net sales, gross margin, and operating income growth.

Final Thoughts: Gap was only up 5.51% this year before these incredible results.

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The contents of Early Bird are intended for informational and entertainment purposes only. They do not constitute trade or investment recommendations and they are not financial or legal advice. Readers are encouraged to consult licensed professionals for personalized guidance regarding their financial or legal situations.