Storming of a $430 Wall Could Result in the $500 Fortress Capture by Microsoft
Microsoft rushed up above $410 per share climbing skyward again after double testing of its $390 technical support area on April 25 (on Meta Platforms fall), and then on April 30 - May 1. One more step upstairs were surpassed thanks to a media leak saying that Bill Gates' created giant is now training a new generation in-house artificial intelligence (AI) language model which is going to become large enough to compete with similar monsters from its partner startup OpenAI (which was a pioneer designer of ChatGPT) and Google.
A supposed internal name of this new model is MAI-1. The work on it is being performed under control of recently hired Mustafa Suleyman, who previously was a co-founder of Google's DeepMind and former CEO of AI startup Inflection. MAI-1 is allegedly not taken from Inflection, even though the model could be partially built based on a bulk of training data from the startup, as Microsoft tapped Suleyman and several of his Inflection colleagues in March. The report also mentioned that Microsoft might preview MAI-1 at the build developer conference later in May. There are not many details so far, yet sources said MAI-1 will be "far larger" (having roughly 500 billion parameters) than a smaller, open source model called Phi-3-mini (having 3.8 billion parameters) with its cost-effective options for a broader circle of potential users which the company had previously trained. This would be the next and stronger move ahead by Microsoft, which has already invested billions and billions of U.S. Dollars into OpenAI.
Besides, sources noted that Microsoft is setting aside a "large cluster of servers" equipped with NVidia's GPUs (graphic processing units). Additional amounts of data processing is needed to improve the new model. This prompted the Wall Street crowd to buy more NVidia stocks so that the company share price climbed more than 3.5% during the next trading session on May 6. NVidia is now at arm's length from hitting its all-time highs, with four-digit numbers beckoning investors again. Storming of a $430 wall would be the prelude for the major $500 fortress capture within several months.
As the AI race providers at large, reputable investment houses are also optimistic about prospects of Google, which is called as a “clear winner” in the ongoing AI revolution "to change a lot of naysayers, skeptics, and shorts opinions", according to Mizuho, yet most experts are not so much sure about Apple’s approach to deploying AI. Investors have been “struggling to understand” it, in contrast to rivals who have been "more overtly assertive in their endeavours and investments related to this burgeoning technology", Evercore investment banking firm said, though AI is "viewed as an improvement to its existing ecosystem, serving to augment and weave together the experience for its over 2 billion iOS users". Apple has taken "a more measured approach" compared to other big tech giants who have invested tens of billions Dollars.
The Worldwide Developers Conference held annually by Apple would start on June 10 and may bring more light to expected iOS environment visual search features or advanced options for photo editing or using Siri voice assistant. Meanwhile, there were signs that Apple may collaborate with Google or other partner companies in cloud solutions for AI. This may strengthen partners to a higher extent than Apple itself. Meanwhile, Apple stock wasted more than $5 per share out of its recent $186.82 nearly three-month peak of May 3, following Q1 earnings release and Warren Buffett's Berkshire Hathaway decreasing its stake in the company.
Disclaimer:
The comments, insights, and reviews posted in this section are solely the opinions and perspectives of authors and do not represent the views or endorsements of RHC Investments or its administrators, except if explicitly indicated. RHC Investments provides a platform for users to share their thoughts on financial market news, investing strategies, and related topics. However, we do not guarantee the accuracy, completeness, or reliability of any user-generated content.
Investment Risks and Advice:
Please be aware that all investment decisions involve risks, and the information shared on metadoro.com should not be considered as financial advice. Always conduct thorough research, seek professional advice, and exercise caution when making investment decisions.
Moderation and Monitoring:
While we strive to maintain a respectful and informative environment, we cannot endorse or verify the accuracy of all user-generated content. We reserve the right to moderate, edit, or remove any comments or posts that violate our community guidelines, infringe on intellectual property rights, or contain harmful content.
Content Ownership:
By submitting content to metadoro.com, users grant RHC Investments a non-exclusive, royalty-free license to use, display, and distribute the content. Users are responsible for ensuring they have the necessary rights to share the content they post.
Community Guidelines:
To maintain a positive and respectful community, users are expected to adhere to the community guidelines of Metadoro. Any content that is misleading, offensive, or violates applicable laws and regulations will be subject to moderation or removal.
Changes to Disclaimer:
We reserve the right to update, modify, or amend this disclaimer at any time. Users are encouraged to review this disclaimer periodically to stay informed about any changes.