NMS Investment Research

  In the past several days, speculations have been circulating around the possibility that Apple will deploy the Gemini AI model from Alphabet (NASDAQ:GOOGL) in its iPhone 16 . In our view, Apple could be interested in AI functions, such as "Circle to Search", as it could generate additional advertising revenue for both Alphabet and Apple. "Circle to Search", is already being used in the latest Android-based Samsung S24 model. Currently, Alphabet pays Apple 36% of its search advertising revenue from Safari. The stock is trading in correction territory , under $179.66, due to sales weakness in China, regulatory pressures and perception that the company is falling behind in AI . Without big fanfare, Apple has already incorporated several AI functions in many of its products. The stock could bounce off from here as leaks begin to emerge about iPhone 16 with AI features, but be aware that its 200-day EMA may be about to cross over the 50-day EMA. This note contain...

Apple stock bounced off the trendline support on Friday as momentum traders dumped AI chip stocks , including Nvid i a (NASDAQ:NVDA) . Apple stock has been under selling pressure on concerns that the company may be behind the curve for generative AI. We don't know yet what the momentum unwinding in AI chip stocks will look like. So, stay tuned! In our view, it is a matter of when , not if, that Apple brings their Apple GPT and Siri's generat ive AI version to all its devices. Typically, the company will release its products to the public when they' re ready. Our guess is at the Apple WWDC in June, at the earliest. Current AI system s could be major liabilities as they make things up sometimes or give customers bad advice. Ask Air Canada or the Chevy dealership in Watsonville, CA ! This note contained herein is our opinion and should not be construed as a recommendation to buy or sell. Click here to view the latest update !

Apple stock is bouncing along the trendline supports on overexaggerated reports by some financial journalists and YouTube rs that Vision Pro is being returned in droves to Apple Store s before their 14 - day return period expire s . In fact, Bloomberg's Apple expert Mark Gruman said in an interview that the Vision Pro returns are not large , somewhere between average and above-average... there is no sign of a crisis. Wall Street is expecting Apple to sell 600k Vision Pros this year, 1M units in 2025 and 4M units in 2026. Apple just announced that 600 new apps built specifically for Vision Pro had been released. Apple stock has been moving sideways since November 2023 and may continue as AI bulls need to raise cash from somewhere to chase after the AI stocks. This note contained herein is our opinion and should not be construed as a recommendation to buy or sell. Click here to view the latest update !

Be aware that the S&P 500 is now trading at the top of the channel . The index has now been up for five consecutive weeks and may be due for a pullback. Beware t he AI bulls could try to keep the market afloat until Nvidia reports its Q4F Y 24 on February 21 after the market close. This note contained herein is our opinion and should not be construed as a recommendation to buy or sell. Click here to view the latest update!

Be aware that the S&P 500 is now trading at the top of the channel. A I bulls could push the index even higher to a nother new all-time if Microsoft and Alphabet deliver "price d for perfection" earnings reports on Tuesday after the market close. This note contained herein is our opinion and should not be construed as a recommendation to buy or sell. Click here to view the latest update!

Tesla stock took an 11+% nose dive on Thursday after the company warned of slower growth in 2024. This came as no surprise since we already issued a warning in October 2023, see " Staycautious on the EV sector ". The stock is now retesting the $182.33 level. A bearish DEATH CROSS chart pattern has emerged, meaning the stock could pull back further. The next support level s are at $ 165.80, a 60% retracement from its all-time high in Nov'21, and the trendline support at ~$135.13, respectively. This note contained herein is our opinion and should not be construed as a recommendation to buy or sell. We have no position in TS L A. Click here to view the latest update!

Apple stock is retesting the $194 level , or its $3 trillion valuation , on Monday after being upgraded by BoA last week. Apparently, the company has been busy buying back shares to return money to its shareholders. As far as we know, in January 2023, the stock price was ~$188.58 for its $3 trillion valuation. The stock made a double bottom at ~$18 0 last week and may be heading higher toward the $198-$200 level , despite a lot of noise from the financial media. This note contained herein is our opinion and should not be construed as a recommendation to buy or sell. Click here toview the latest update !