Understanding the Market | Apple Concept Stocks Rise Across the Board in the Morning Apple AI Launch Imminent Institutional Optimism on AI Implementation Boosting Demand

Zhitong
2024.10.28 03:30
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Concept stocks related to Apple rose across the board in early trading, with Sunny Optical Technology up 4.65%, GoerTek Inc. up 4.12%, and AAC Technologies up 3.57%. Apple is set to launch the Apple Intelligence feature on October 28th, with advanced features integrating ChatGPT expected by the end of the year. Ming-Chi Kuo believes Apple has a good chance of success in the AI field, while TF Securities is optimistic about the demand boost from AI. Apple executives have stated their commitment to continue investing in China, focusing on the long-term growth potential of the Chinese market

According to the Zhitong Finance and Economics APP, Apple concept stocks rose across the board in the morning session. As of the time of publication, Sunny Optical Technology (02382) rose by 4.65% to HKD 49.5, GigaDevice Semiconductor (01415) rose by 4.12% to HKD 21.5, AAC Technologies (02018) rose by 3.57% to HKD 31.9, and Q Technology Group (01478) rose by 2.71% to HKD 4.93.

In terms of news, Apple recently announced that its Apple Intelligence feature will be officially launched this week, with the specific timing coinciding with the release of iOS 18.1 on October 28th local time. The initial features include writing tools, photo editing tools, and an enhanced Siri input, further enhancing user experience. It is expected that by the end of the year, more advanced features integrated with ChatGPT will be introduced, with a beta version already available. The integration of ChatGPT provides more advanced information processing capabilities, with an accuracy rate 25% higher than Siri and the ability to answer 30% more types of questions.

Ming-Chi Kuo stated in his latest article that he believes Apple is the brand most likely to succeed in AI on the device side, and he is optimistic about Apple Intelligence becoming a popular paid service in the long run. TF Securities pointed out that they are optimistic about the demand boost brought by the implementation of AI. In addition, Apple executives Tim Cook and Jeff Williams have embarked on the second round of their "China Tour" this year, both expressing their commitment to continue investing in China and being bullish on Apple's long-term growth potential in the Chinese market and the growth of Apple's supply chain in China