Apple Inc. shares plummeted 5.00% to $261.73 following a Bloomberg report that the company’s "new Siri" AI initiative is facing internal development delays. The news has sparked concerns that Apple is lagging behind competitors in the global AI race.
- Analyst Mark Gurman indicated the rollout may be pushed to later in 2026, though Apple reaffirmed to CNBC that the launch remains on track.
- The report intensified broader market anxieties regarding the sustainability of massive AI infrastructure spending across the technology sector.