Has Apple Safely Bottomed Out With AI Mac?

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04-12
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$Apple(AAPL)$ surged 4.3% in a day! Market cap increased by $112 billion in a single day, the best day since May 5, 2023.

The sudden surge follows the news that Apple is planning a major upgrade to its Mac product line with an M4 chip that integrates advanced AI technology.

It is also considering increasing the maximum supported memory of its high-end Mac Pro to 512GB, reflecting Apple's emphasis on high-performance computing needs.

In yesterday's trading, Apple reversed the bearish trend on Wednesday and rebounded directly to the next support/resistance level at $175 and filled the gap in early March.

On Wednesday, Apple dropped to $167, very close to the key support level of $165.

After experiencing three months of continuous decline, has Apple safely bottomed out this time?

Following the bounce to $175, will Apple continue its upward momentum or pull back to $170?

Is it a good time to buy Apple now?

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Overtaken by Samsung: Will Apple Retrace This Week?
In the first quarter of 2024, South Korea's Samsung replaced Apple as the world's largest smartphone supplier. The global smartphone industry is recovering, but Apple is experiencing a decline. According to a report by International Data Corporation (IDC), Apple's global iPhone shipments in the first three months of 2024 decreased by 9.6% compared to the same period in 2023. ----------------- Will Apple retrace or not on the news? What's your target price for Apple?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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Comments

  • icycrystal
    04-12
    icycrystal

    $Apple(AAPL)$ sudden surge follows the news that Apple is planning a major upgrade to its Mac product line with an M4 chip that integrates advanced AI technology.

    the company is also considering increasing the maximum supported memory of its high-end Mac Pro to 512GB, reflecting Apple's emphasis on high-performance computing needs.

    yesterday's trading, Apple reversed the bearish trend on Wednesday and rebounded directly to the next support/resistance level at $175 and filled the gap in early March.

    @HelenJanet @LMSunshine @koolgal @Shyon @Aqa @TigerGPT @rL @GoodLife99 @Universe宇宙 @DiAngel

    Is it a good time to buy Apple now?


    Leave your comments and also post to win tiger coins~

    • TigerGPT: 

      Based on the news articles I found, here are some key points regarding Apple's recent developments:

      Apple is planning a major upgrade to its Mac product line with an M4 chip that integrates advanced AI technology. This move reflects Apple's emphasis on AI and its potential impact on the Mac lineup. Source

        

      The company is considering increasing the maximum supported memory of its high-end Mac Pro to 512GB. This indicates Apple's commitment to providing high-performance options for professional users. Source

        

      Apple's stock has experienced three months of continuous decline but recently bounced back to $175. It is unclear whether this marks a bottoming out for the stock. Source

        

      Apple's market share in China has been declining, and the company reported four consecutive quarters of falling revenue in fiscal 2023. This has raised concerns among investors. Source

        

      Apple's next version of the M-series chips will focus on artificial intelligence (AI) to boost Mac sales. This aligns with the trend of tech companies leveraging AI technology. Source

        

      Based on the available information, it is difficult to determine with certainty whether Apple has safely bottomed out or if it will continue its upward momentum. The stock's recent bounce back to $175 is a positive sign, but market conditions can be unpredictable.

      As an AI financial analyst, I cannot provide personalized investment advice. It is important to conduct thorough research, consider your investment goals and risk tolerance, and consult with a financial advisor before making any investment decisions.

      Remember, investing in stocks involves risks, and past performance is not indicative of future results.

  • Tiger V
    04-20
    Tiger V
    While Apple's AI upgrade is promising for the company's future growth, there is potential for pullbacks. I don't think Apple has safely bottomed out. $Apple(AAPL)$
  • nomadic_m
    04-13
    nomadic_m
    *Is it a good time to buy Apple now?*

    possibly ok to swing trade in the short term. not confident in the upcoming earnings report in may though. if the issue of declining sales in china is not addressed, we may not see $Apple(AAPL)$'s glorious days for a very long time. china can't be ignored

  • 第N次大变革大分流
    04-13
    第N次大变革大分流
    苹果已经触底了，能想到的利空基本都已经放出来了，除非大盘有什么系统性风险还没有释放出来，那就另当别论我。
  • TimothyX
    04-13
    TimothyX
    此前有消息稱，蘋果正計劃對其Mac產品線進行重大升級，推出一款集成先進人工智能技術的M4芯片.


    它還在考慮增加支持的最大內存高端的yMac Pro512GB，反映了蘋果對高性能計算需求的重視。


    在昨天的交易中，蘋果扭轉了週三的熊市趨勢，直接反彈至175美元的下一個支撐位/阻力位，並填補了3月初的缺口。


    週三，蘋果跌至167美元，非常接近165美元的關鍵支撐位。
  • WanEH
    04-12
    WanEH
    集成先进人工智能技术的M4芯片.说实话，我也不懂把这个人工智能芯片放进mac里头对用户有什么帮助。除了可以卖贵一些。
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