Apple's stock dropped 4.88% to $301.54 following the unveiling of the new Siri AI at WWDC, wiping out $220 billion in market value from intraday highs. The decline was driven by the limited rollout of Siri AI, which will initially only be available in English and delayed until 2026, excluding major markets like the EU and China due to regulatory issues. Investors may also have taken profits after the stock hit a new 52-week high earlier in the day. Apple's cautious entry into AI and concerns about the technology's cost and usefulness have added to investor wariness. Despite the drop, Apple shares remain up 11.27% year-to-date, slightly outperforming the S&P 500.
In Q2 2026, top contributors to growth included Taiwan Semiconductor Manufacturing, Alphabet, United Rentals, Apple, and Visa. Alphabet’s Google Search and Cloud segments showed robust revenue growth of 19% and 63%, respectively, boosting operating i...
OpenAI has introduced the Codex Micro, a $230 light-up keyboard designed to enhance user control over its AI coding assistant, Codex. The device features customizable keys, a joystick, and a dial to adjust AI agent reasoning, aiming to serve as a com...
Apple has released detailed advertising policies for its upcoming Maps ads, set to launch in the U.S. and Canada this summer. Unlike Google, Apple excludes broad categories like home services (plumbing, locksmiths, HVAC) from advertising, aiming for ...
Larry Page's fortune surpassed $300 billion following a 3.9% rise in Alphabet shares, boosted by Warren Buffett's acknowledgment of Berkshire Hathaway's significant investment in the company. Berkshire Hathaway initially invested $4.3 billion in Alph...
The State Street SPDR Portfolio S&P 500 ETF (SPYM) has been selected as the default investment for the new Trump Accounts program, which provides eligible newborns with a $1,000 Treasury contribution invested in this fund. SPYM tracks the S&P 500 ind...
