Zinger Key Points
- The report suggests that Meta has discussed integrating it's generative AI Platform into Apple's new AI system.
- Meta declined to comment on the matter to Reuters.
Meta, Inc. META shares are trading higher following a report that the company and Apple AAPL have discussed an AI partnership.
The Details: The WSJ report suggests that Meta has explored integrating its generative AI Platform into Apple Intelligence, its new AI system for iPhones.
Apple has already announced plans to integrate ChatGPT. However, the company is anticipated to explore partnerships with AI companies in various regions, such as China, where ChatGPT from OpenAI, is banned. The report suggests that Anthropic and Perplexity have begun discussions with Apple as well.
How To Buy Meta Shares
By now you're likely curious about how to participate in the market for Meta Platforms META – be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.
In the the case of Meta Platforms META, which is trading at $502.25 as of publishing time, $100 would buy you 0.2 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.
Related Link: What’s Going On With Trump Media & Technology Stock On Monday?
META Price Action: Meta stock is trading 0.45% higher at $497 according to Benzinga Pro.
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