Apple's AI announcement benefit Taiwan Semiconductor and Microsoft, but negatively impacts Alphabet

From Nasdaq: 2024-06-22 08:15:00

Apple’s WWDC sparked new interest in its stock, reaching all-time highs. Winners include Taiwan Semiconductor, benefiting from Apple’s revenue contribution, and Microsoft, with Apple’s partnership with OpenAI. However, Alphabet loses out, as Apple’s choice of ChatGPT over Gemini impacts their collaboration. Surprisingly, Apple also falls behind in the AI race despite the potential surge in iPhone demand. This could pose long-term challenges for the tech giant.



Read more at Nasdaq: 2 Winners and 2 Losers From Apple’s Latest Artificial Intelligence (AI) Announcement