Apple shares fell 4.95% following the company’s presentation of Siri AI, its most significant artificial intelligence update to date. The decline erased approximately $230 billion from Apple’s market capitalization as investors reacted cautiously to the company’s AI strategy and competitive positioning within the rapidly evolving artificial intelligence market.
The new Siri AI platform is expected to introduce more advanced conversational capabilities, deeper ecosystem integration, and expanded automation features across Apple devices. Despite the announcement, investors appeared concerned that Apple remains behind rivals in deploying large-scale generative AI products and monetizing artificial intelligence services.
The selloff highlights growing market expectations for tangible AI-driven revenue growth among major technology companies. Analysts said investors are increasingly rewarding companies that demonstrate clear commercial benefits from artificial intelligence investments.
