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- Nvidia joins $3 Trillion club and Apple to announce partnership with OpenAI 🍏
Nvidia joins $3 Trillion club and Apple to announce partnership with OpenAI 🍏
Product Scoop
June 10, 2024
Top of the week to ya and Happy Monday Folks 👨💻
We’re back with another informative, hard hitting, brain busting edition of Product Scoop - the newsletter delivering insights, news, analysis, and an inside view into the world of tech.
Without further ado, here’s your scoop below👇
Nvidia (NVDA) is entering the stock split zone, joining its mega-cap tech peers as the fourth Magnificent 7 stock to split since 2022. The chip giant’s 10-for-1 stock split, starting on Monday, follows significant price growth, with shares up 212% in the past year. This massive rally pushed Nvidia into the $3 trillion club alongside Apple (AAPL) and Microsoft (MSFT), making it just the third U.S. company ever to reach that milestone. Read more
Today Apple is set to unveil a groundbreaking partnership with OpenAI, introducing generative AI to its mobile ecosystem. This collaboration promises to redefine Siri, enabling more intuitive interactions and personalized responses. With ChatGPT-4 integration, Siri could become a conversational powerhouse, reshaping how users engage with their devices. This strategic move reflects Apple's commitment to innovation and positions the company at the forefront of AI-driven technology. Read more
SAP is making waves with its acquisition of WalkMe, a digital adoption platform, for $1.5 billion in cash. This move, representing a 45% premium on WalkMe's recent closing price, underscores SAP's commitment to enhancing its enterprise offerings. WalkMe, founded in Israel in 2011, provides real-time guidance within applications, automating processes and improving user experience. With SAP's strong financial performance driving its valuation to new heights, the WalkMe deal aligns with SAP's strategy of bolstering its suite with complementary technologies. Read more
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