Something snapped in Apple stock today: after sliding 1.9% lower following yesterday's Worldwide Developers Conference, which according Walt Piecyk was the worst one-day performance since 2010, and the 4th worst performance in the iPhone era...
... and for good reason, with Bloomberg this morning saying that "Apple shares slipped in pre-market trading, after its much-anticipated AI announcement last night saw no major surprises.... The firm is making a high-stakes bid to catch up with rivals in the booming AI market, and yesterday announced a new platform called Apple Intelligence. A partnership with OpenAI — in the works for months — was only briefly mentioned at the event (although Elon Musk still said he would ban Apple devices from his companies if OpenAI’s software is integrated at the operating system level.)."
