Google sells to Apple

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Source: Dukascopy Bank SA


Bloomberg has revealed to the world that Apple and Google are negotiating a deal that would benefit Google. Namely, Apple intends to use Google's Gemini to power iPhone AI features.

The news have caused a massive surge of the price of Google due to the realization that Google is set to have a new large user base for its software. The stock price of Google parent Alphabet has started the day by jumping 6.02% up to $149.00, compared to the Friday's closing price of $141.24 per share.

In the meantime, the stock of Apple also gained. The stock price surged by 2.00%, as the markets see the deal as a positive for Apple. Namely, the company is not going to spend funds on developing own software, but simply use the best in the market.

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