Breakfast | S&P 500 and Nasdaq both hit record highs at the close, Apple opens a new chapter in AI

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Overnight Morning Market

This week, the market is focused on the U.S. inflation data and the Federal Reserve interest rate decision to be released on Wednesday. Wall Street major banks are urging investors to prepare for possible market turbulence.

U.S. stocks collectively rose, with the S&P 500 and Nasdaq seeing their first day of gains in three days, closing at historic highs. The Russell small-cap stocks and Philadelphia Semiconductor Index both rose, with the chip stock index hitting a new high and breaking through 5300 points.

The technology sector rose, with Google A up 0.43%, Microsoft up 0.95%, Meta up 1.96%. Apple fell 1.91%. Tesla closed down 2.08%. NVIDIA rose 0.75%, Arm up 2.45%, TSMC's U.S. stock closed up 2.29%, hitting a new closing high for the second consecutive trading day, and Micron Technology rose over 2.9%.

Nio fell by about 2.3%, XPeng fell by 2.7%, EHang Intelligent and Li Auto fell by about 3.1%.

Blue Chips and Hot Stocks

Apple updates macOS: Supports phone screen casting for operation on Mac

The new macOS will support iPhone mirroring, allowing users to directly mirror the iPhone system on Mac and operate various apps while the iPhone is locked.

Apple introduces satellite messaging for iMessage and SMS apps. Users can use the satellite feature to connect to satellites and send messages on iPhone 14 and higher versions.

Apple's iOS 18 system upgrades privacy: can lock apps with Face ID.

Apple releases VisionOS 2

VisionOS 2 uses machine learning to create space and 3D images. VisionOS 2 will be able to use new control gestures, including flipping the palm up to open the main screen, then flipping the palm to access other controls.

VisionPro Mainland China version priced from 29,999 yuan

Pre-orders accepted on June 14, released on June 28, with a limit of 2 units per customer.

Market evaluation of Apple's WWDC conference

"So far, there is nothing new and impressive. When it comes to the artificial intelligence part, Apple should have a good story to tell."

The Trump Media Technology Group will issue up to 14.4 million shares of common stock through warrants exercise, and selling stockholders will sell 146.1 million shares, including 78.8 million shares held by former President Trump; the sale of shares by sellers will not generate any proceeds.

An expert group from the U.S. FDA believes that the benefits of Lilly's Alzheimer's drug outweigh the risks.

Chips and Artificial Intelligence

Apple announces partnership with OpenAI

Apple users can directly call ChatGPT in the system, as long as you agree, and without creating an account, existing accounts can be linked.

Apple's virtual assistant Siri will integrate with ChatGPT

When users ask Siri some questions, Siri can directly display answers using ChatGPT's AI capabilities, and on Mac, users can also directly generate desired content through ChatGPT in various applications However, Apple's AI mobile end only supports iPhone 15 Pro and iPhone 15 Pro Max, on the iPad end it supports models with M1 chips and above, and on the Mac and iMac end it only supports models with M1 chips and above.

Apple Embarks on a New Era of AI

Apple has launched a new platform called "Apple Intelligence," which can summarize text, create original images, and retrieve the most relevant information when needed. The Siri virtual assistant will also use Apple Intelligence to enhance task execution capabilities. Apple has introduced a new feature called Image Playground, which can generate images based on text descriptions provided by users.

Apple Focuses on the Integration of its Own Technology and AI

Apple users can now use chatbots through Siri alone, with Siri prompting users for permission before using ChatGPT. This indicates that Apple plans to separate GPT technology from its own tools. Apple will also introduce other artificial intelligence models in the future, such as Google's Gemini chatbot.

Elon Musk Criticizes Apple's Collaboration with OpenAI: "You Have to Put the iPhone in a Faraday Cage"

Musk stated that if Apple integrates ChatGPT at the operating system level, Apple devices will be prohibited from entering my company, as this is an unacceptable security violation. Individuals using Apple devices will need to undergo inspection at the entrance before entering the company premises, and their Apple devices will need to be stored in a Faraday cage. Apple has no idea what will happen to your data once it is handed over to OpenAI, and their actions are completely betraying users.

Musk: If Apple does integrate ChatGPT into the iOS system, we may also need to integrate the chatbot Grok into the mobile system.

Musk: If Apple integrates ChatGPT at the operating system level, Apple devices will be prohibited from entering our company.

Chip manufacturer Kioxia will receive a 100 billion yen bank loan.

Intel suspends the construction of a new factory in Israel.

Opportunities for Startups and IPOs

According to the information reported, Shein's sales last year were $32.2 billion, a 40% increase, while the growth rate for 2022 is projected to be 37%. At the same time, Shein's net profit doubled to reach $1.6 billion.

Macro View: Taking You Around the World

"The Fed Whisperer" Nick Timiraos: Most sell-side economists and other professional Fed watchers now expect the Fed to cut interest rates once or twice in September or December this year.

HKEX Stock Inventory Rules Officially Effective Today, Hong Kong-listed Companies' Buybacks No Longer Require Mandatory Cancellation

Stock inventory refers to non-negotiable shares repurchased by listed companies in stock form. The new rules specify that listed companies can apply for exemptions to repurchase shares during the silent period before performance announcements; and the shares repurchased do not need to be cancelled immediately, but can exist in stock form