Understanding the Market | Apple Concept Stocks Continue to Rise as Apple's First Batch of AI Features Land, Institutions Optimistic about AI Driving Consumer Electronics Prices and Volumes Up

Zhitong
2024.10.29 02:24
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Concept stocks related to Apple continue to rise, with Cowell Electronics up 7.26%, Sunny Optical Technology up 4.37%, and Q TECH up 3.21%. Apple has launched AI feature Apple Intelligence and a new iMac with a starting price of $1299, faster processing speed, and enhanced neural network engine. Huafu Securities believes that AI will drive innovation in the consumer electronics industry, leading to both volume and price increases

According to the Wise Finance app, Apple concept stocks continue to rise. As of the time of publication, Cowell (01415) rose by 7.26% to HKD 22.9; SUNNY OPTICAL (02382) rose by 4.37% to HKD 51.3; Q TECH (01478) rose by 3.21% to HKD 5.15; AAC Technologies (02018) rose by 1.23% to HKD 33.05.

On the news front, Apple Inc. has launched the first phase of its artificial intelligence Apple Intelligence and released a new iMac desktop computer equipped with the M4 chip. The company announced on Monday that the starting price of the new iMac is the same as the previous model at $1299, with faster processing speed and an enhanced neural network engine for handling artificial intelligence tasks. This product will be launched on November 8.

It is worth mentioning that Aito recently demonstrated its latest technological advancement - the AI tool "AutoGLM" with the ability to operate a mobile phone using voice/text commands. Huafu Securities pointed out that the consumer electronics industry is entering an innovation cycle driven by AI, with continuous catalysts from industry giants for new products. The firm believes that AI will first be applied to mature consumer electronics products such as mobile phones, driving both volume and price increases