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Apple Shares Riding The Green Wave Today, Explores Personal Robotics Using AI

Analyst Team trader
Updated 4 Apr 2024

Apple shares (NASDAQ:AAPL) are trading up 1.23% today on a green day for markets, with the Nasdaq 100 also adding 1% through early trading. Recent news has Apple making significant strides into personal robotics, pursuing innovative projects that may herald a new frontier for the consumer technology giant and represent a new leg up to come.

As the company seeks to broaden its horizons beyond the iconic iPhone and other hardware staples, investors and industry onlookers are closely watching Apple's robotics initiatives, with the potential to spawn a fresh and lucrative revenue stream.

Apple store

At the helm of these cutting-edge efforts is John Giannandrea, who oversees Apple's hardware engineering and AI and machine-learning divisions.

Under his guidance, Apple's foray into robotics includes the development of a mobile robot designed to follow users as well as an advanced table-top device emboldened with robotic capabilities. These projects underscore Apple's commitment to leveraging the latest advancements in artificial intelligence; a domain that often serves as the backbone of today's revolutionary tech products.

Apple's venture into the robots' realm is timely, coinciding with the increasing consumer appeal for home automation and intelligent devices. The growing popularity of smart home gadgets underscores a market ripe for disruption, where Apple's reputation for high-quality, user-friendly innovations could give it a decisive edge.

Notably, Apple's robotics journey dovetails with broader tech sector prospects, especially within the sub-niches of home automation and artificial intelligence—both deemed fertile grounds for growth. For retail investors, this opens up new vistas for thematic investing that hone in on home automation and robotics, allowing them to stake a claim in Apple's expansion into these areas.

Moreover, for investors targeting diversity and innovation within their portfolios, Apple's leap into robotics represents an enticing avenue to capitalise on the latest technological advancements. Recognising the allure of such industry shifts, exchange-traded funds (ETFs) provide a viable means for market participants to gain exposure to Apple's stock. The Technology Select Sector SPDR Fund (XLK) and the Vanguard Large-Cap ETF (VV) are examples of instruments that include Apple in their holdings, offering a window into the tech giant's performance.

Emerging ETFs specifically devoted to robotics and AI also serve as gateways to indirectly tap into Apple’s ventures. The Global X Robotics & Artificial Intelligence ETF (BOTZ) and ARK Innovation ETF (ARKK) exemplify this strategy, enabling investors to potentially benefit from Apple's role in shaping the robotics and AI landscapes even as the company's direct plans in the robotics arena remain under wraps.

Elsewhere in APPL land, there was news of an insider sale that has grabbed some attention, selling slightly into the dip that Apple shares have seen YTD when compared to some of its' big named competitors in the Magnificent 7.


CEO Tim Cook Sells Off a Slice of Apple Shares, Ends Day Neutral

CEO Tim Cook was reported as slicing off a piece of his Apple holdings after a couple of recent sales but in effect he ended the days' activity neutral. It should be noted that the sale was conducted under a pre-arranged trading plan, set in place some 18 months ago.

Over April 1st and 2nd a total of 196,410 shares were sold from Cook's holdings, according to the recent insider trading filings. The shares fetched an average price of $169.33 each ($170.03 on 1st April, and $168.02 on 2nd April), culminating in a transaction valued at roughly $33.3 million.

Within the same filing, it was also disclosed that Mr Cook was awarded 196,410 . These shares were awarded as part of his employment package, with the vesting period ending on the same day as sales were initiated. Worth paying attention to, but within typical behaviour for a CEO who still retains APPL holdings of 3,280,180 shares.

Investment in Apple it would seem, particularly with the prospect of personal robotics, offers a window into a future where technology not only serves users but also walks alongside them.

Apple's track record of disrupting markets could play out once more as it embarks on a robotics odyssey, potentially paving the way for another lucrative chapter in the company's storied history. APPL shareholders will be hoping for the affirmative, and a welcome sentiment shift after a more turbulent last 6 months than they might be accustomed.

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The AskTraders Analyst Team features experts in technical and fundamental analysis, as well as traders specializing in stocks, forex, and cryptocurrency.