Apple Loses $230 Billion in Value After Siri AI Unveiling
Apple shares fell nearly 5%, wiping out about $230 billion in market value after the launch of Siri AI.
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Apple shares fell nearly 5%, wiping out about $230 billion in market value after the launch of Siri AI.
Apple will appoint hardware chief John Ternus as CEO, with Tim Cook transitioning to executive chairman, marking a major leadership shift at the tech giant.
Apple’s market capitalization has climbed back to $4 trillion, returning the company to second place among the world’s most valuable corporations. While rivals pour hundreds of billions into artificial intelligence, Apple’s restrained approach is winning investor approval.