Understanding the Market | Apple Concept Stocks Rise as Apple Plans to Launch an Improved Version of Siri; Institutions Indicate AI Advancement is Expected to Drive Long-term Growth in Consumer Electronics

Zhitong
2024.11.22 01:44
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Apple concept stocks rose in early trading, with SUNNY OPTICAL up 6.06%, AAC TECH up 4.57%, and Q TECH up 4.4%. Apple is developing an improved version of Siri, scheduled for release in the spring of 2026, aimed at enhancing conversational abilities to surpass OpenAI's ChatGPT. Huaxin Securities believes that the integration of AI technology will drive long-term growth in the consumer electronics market. Tianfeng Securities is optimistic that the release of Huawei's Mate70 series will boost the smartphone market and related supply chains

According to Zhitong Finance APP, Apple concept stocks rose in early trading. As of the time of publication, SUNNY OPTICAL (02382) rose 6.06% to HKD 60.35; AAC TECH (02018) rose 4.57% to HKD 33.25; Q TECH (01478) rose 4.4% to HKD 5.7; and GoerTek (01415) rose 1.46% to HKD 22.35.

In terms of news, it has been reported that insiders revealed that Apple is developing a more conversational Siri digital assistant aimed at surpassing OpenAI's ChatGPT and other voice services. This new version of Siri, details of which have not yet been publicly disclosed, uses a more advanced large language model (LLM) to enable two-way conversations. They stated that the system can also process more complex requests more quickly. This new voice assistant will eventually be integrated into Apple Intelligence, referred to by developers as "LLM Siri." Apple currently plans to release the new version of Siri to consumers as early as spring 2026.

Huaxin Securities believes that with the further advancement of Apple Intelligence, the deep integration of AI technology is expected to drive the company's long-term growth in the consumer electronics market in the future. Additionally, Tianfeng Securities stated that Huawei's flagship Mate70 series was released in November, and they are optimistic that product innovation will strongly drive the smartphone market and related supply chains in the fourth quarter