aapl
fire starter
Posts: 186
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Post by aapl on Mar 1, 2024 3:36:25 GMT -8
Well. I don't readily see any news why but we've got a lot of red in the premarkets: $179.00 -$1.75 (-0.97%)
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,123
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Post by Dave on Mar 1, 2024 5:33:14 GMT -8
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Post by aaplcrazie on Mar 1, 2024 5:50:23 GMT -8
"- A number of government agencies in the European Union and elsewhere have voiced concerns about security risks as Apple opens up its iPhones and iPads to rival app stores to comply with EU tech rules, Apple said on Friday."
⬆️ Cant wait until some EU Bureaucrat's iPhone gets Pwaned cos he opened up some dodgy Site or clicked on a Link he shouldn't and now his device is full of Pron. ⬆️
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Post by archibaldtuttle on Mar 1, 2024 7:17:28 GMT -8
New ATH on S&P and QQQ today
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Post by archibaldtuttle on Mar 1, 2024 7:27:13 GMT -8
This is the first time Apple has broken the 50 week moving average since the beginning of 2023. If it can’t get back above 180.80 today could be in even more trouble.
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4aapl
Moderator
Posts: 3,656
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Post by 4aapl on Mar 1, 2024 8:58:21 GMT -8
Well. I don't readily see any news why but we've got a lot of red in the premarkets: $179.00 -$1.75 (-0.97%). The stock app has that Goldman dropped AAPL from it's Conviction Buy list, though still has it as a Buy. Hard to know how much that matters. RSI down to 33. But did you see the volume yesterday? 136M, whereas AAPL has been in the 40-60M lately. Glancing at a few others, MSFT had a smaller bump up and AMZN saw about average. Was this month-end moves by mutuals? It looked like most of the volume blips were at the opening or closing. Things could get much worse without support, but it seems like right now there just isn't a bunch of positive stuff for AAPL, but also no big negatives. To me that seems like things will change course around here, where the RSI rarely gets below 30. But if someone really wanted to try to push AAPL even lower, this would be the time to do it, while support seems to be questionable. Back at the end of October AAPL did the same thing, giving a good buying opportunity in the mid 160's. If support doesn't show, the same sort of thing could happen.
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Post by duckpins on Mar 1, 2024 9:37:34 GMT -8
Below the 250 day MA is rare. So fast this decline. Next week should hit 30 or below on the 14 day RSI. That should spark at least a small rally. Maybe the car news disappointed someone. Dell is flying high, maybe Wintel is coming back?
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4aapl
Moderator
Posts: 3,656
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Post by 4aapl on Mar 1, 2024 11:51:52 GMT -8
What a difference 2.5 hours makes. The RSI hit about 32.5 when the stock was basically at the low of the day. Now with AAPL at 180 it's up to 37. It's kinda fun to watch it, but also fun to just not watch it and feel confident it will take care of itself over the long term. A couple AI articles I read last night basically had the same content as what ChatGPT came up with, but a bit more details. www.networkworld.com/article/1310662/ai-server-market-cloud-giants-to-command-60-demand-in-2024.htmlwww.reuters.com/technology/microsoft-develops-ai-server-gear-lessen-reliance-nvidia-information-reports-2024-02-20/investor.nvidia.com/news/press-release-details/2023/NVIDIA-Supercharges-Hopper-the-Worlds-Leading-AI-Computing-Platform/default.aspxwww.lannerinc.com/news-and-events/eagle-lanner-tech-blog/comparing-ai-servers-and-edge-ai-servers-unveiling-the-power-of-centralized-computing-and-real-time-edge-intelligenceAnd actually I think that last one might be key, talking about Cloud based servers, or Edge (basically situated at the point of the data, like an AI server at a company, or in a car) based servers. And that makes sense, along with the costs and efficiencies involved. A cloud based one is going to be the most efficient and least costly, because it can be scaled properly and can have overall greater utilization. But thinking about sales, Nvidia is likely to make a bit more from non-cloud, and having less utilization overall for the same net needs means more sales. But what if we take that one step further? What if instead of just a huge server farm in the cloud or a large server room at a company, you put a smaller one onto a person's desk? Could it still be useful even if it couldn't fully hit those 70 and 175 billion-parameter LLM marks listed in the H200 data sheet? Especially if it assures the company of privacy (probably don't want off-site servers having your top secret prototypes) along with giving instant access. Already the Apple Studio line doubles the price for double the power. If those have enough computing power to be in the right ballpark, then like the linked Nvidia processors, the key is having a bunch of them with fast networking and plenty of resources. I'm not placing a large options bet on it. But it seems likely that Apple is going to do more than just upping the power of Siri. And Apple does have some history of this, with xGrid and even on back to appleseed, both of which interested me but I never got around to playing with.
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