Apple in AI talks with Google for its iPhone
Comment
Apple is in talks with Google to use Gemini artificial intelligence in the iPhone. Gemini is Google's suite of generative AI tools and may be integrated into iPhone software later this year - Apple may release iOS 18 at its June Worldwide Developer's Conference.
Moreover, according to Bloomberg sources, Apple has also discussed using OpenAI's model but the two have not finalised terms, branding, or implementation.
Apple shares were slightly up in premarket trading, but its technical picture does show difficulties for the stock.
Technical Analysis
Source: www.tradingview.com
The weekly chart shows that Apple has charted a lower peak followed by a lower trough. This puts the stock into a defined downtrend. We note that there is underlying support at the $165 level (green horizontal line).
However, of concern is the stochastic. It has dropped into its lower quintile (green rectangle) denoting a strong momentum to the downside. If the stochastic holds at current levels, Apple's stock is in danger of breaking down though its underlying support at $165, and heading lower.
Russell Shor
Senior Market Strategist
Russell Shor is a Senior Market Strategist at FXCM, having been promoted to the role in 2025 in recognition of his depth of insight and consistent delivery of high-impact market analysis. He originally joined FXCM in October 2017 as a Senior Market Specialist.
Russell holds an Honours Degree in Economics from the University of South Africa, is a certified FMVA®, and a full member of the Society of Technical Analysts (UK). With over 20 years of experience in financial markets, his work is renowned for its clarity, precision, and strategic value across asset classes.
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