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Apple Finally Released A Brand-New Siri. Then Its Share Price Cratered.
24/7 Wall St.112d agoneutral
Apple Finally Released A Brand-New Siri. Then Its Share Price Cratered.

Apple finally pulled the curtain back on its long-awaited AI assistant overhaul today, and Wall Street promptly punished the stock. Apple (NASDAQ:AAPL) unveiled “Siri AI,” a system-wide assistant with on-device context, screen awareness, and a dedicated Siri app, partly powered by Google’s Gemini foundation models. Shares rose 2.5% in early trading, then fell 4.8% after ... Apple Finally Released A Brand-New Siri. Then Its Share Price Cratered.

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S&P 500, Nasdaq end up as chipmakers rebound
Reuters Videos112d agoneutralVIDEO
S&P 500, Nasdaq end up as chipmakers rebound

<body><p>STORY: U.S. stocks ended mostly higher Monday boosted by shares of chip companies.</p><p>While the Dow fell slightly, the S&P 500 added three tenths of one percent and the Nasdaq climbed about nine tenths.</p><p>:: Intel</p><p>Intel shares jumped 11% after news website The Information reported that Alphabet's Google had placed an order to manufacture more than 3 million tensor processing units in 2028.</p><p>:: Marvell Technology</p><p>And shares of Marvell Tech rose 9.5% after S&P announced that the company would be added to the&nbsp;S&P 500 index later this month.</p><p>Also, Iran and Israel said they had halted attacks on each other.</p><p>This came after an appeal from U.S. President Donald Trump that they immediately "stop shooting."&nbsp;</p><p>The attacks over 24 hours were the most direct confrontation between Iran and Israel since an April ceasefire in the war.</p><p>Justin Livengood, senior portfolio manager with Invesco, says he thinks regardless of when there is an end to the conflict in the Middle East, energy prices could stay higher, which could lead the Federal Reserve to raise interest rates.</p><p>“Inflation's been drifting up in general the last six to nine months, not just for oil prices but even for core elements. And that's a concern. I think that concern persists as oil and natural gas prices linger higher. And the longer that persists, the more likely we are to have a Fed feel they need to raise rates late this year. I certainly feel that right now the base case for the Fed is a hike, not a cut, as their next move. And I think with each week and month that this Middle East conflict continues. The odds of that hike get pulled forward.”&nbsp;</p><p>:: Apple</p><p>Other stocks on the move included Apple which dropped almost 2% after announcing a Siri revamp at its annual Worldwide Developers Conference.</p><p>:: AWS</p><p>And shares of Corning gained 5.5% after Amazon announced a multi-year multi-billion-dollar deal to buy the company's optical fiber and cables for its data centers.&nbsp;</p></body>

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Analyst reveals a surprising winner in the AI race
TheStreet112d agoneutral
Analyst reveals a surprising winner in the AI race

Bitcoin miners are emerging as an important part of the artificial intelligence buildout, according to a new research note from Bernstein analyst Gautam Chhugani. The firm initiated coverage of two mining companies, TeraWulf and Cipher Digital, with "Outperform" ratings, calling them "the power ...

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Alphabet Intel Chip Pact Reshapes AI Supply Chain And Investor Outlook
Simply Wall St.112d agoneutral
Alphabet Intel Chip Pact Reshapes AI Supply Chain And Investor Outlook

Alphabet plans to use Intel to manufacture over 3 million custom AI chips in 2028. The move shifts a portion of Alphabet’s Tensor Processing Unit production away from TSMC due to capacity constraints. This is the first time Alphabet will rely on Intel as a contract manufacturer for its proprietary AI hardware. The agreement reshapes parts of the global semiconductor supply chain and highlights rising competition in AI chip sourcing. Alphabet, trading as NasdaqGS:GOOGL, is committing...

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Why Apple's AI pivot with new Siri is raising some red flags
Yahoo Finance Video112d agoneutralVIDEO
Why Apple's AI pivot with new Siri is raising some red flags

Apple (AAPL) kicked off its 2026 Worldwide Developers Conference (WWDC) on Monday by showcasing its new AI-powered Siri, dubbed Siri AI. Geoffrey Cain — the author of "Steve Jobs in Exile" — comes on Market Domination to comment on Apple's new position on AI and whether that could put pressure to keep up with its Big Tech peers. This is Apple CEO Tim Cook's final WWDC keynote as chief executive before he steps down in September and takes on a new role as executive chairman.

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Forget Intel Corporation: As Rising Yields Shake Wall Street, This Unstoppable AI Powerhouse Is a No-Brainer Buy
24/7 Wall St.112d agobullish
Forget Intel Corporation: As Rising Yields Shake Wall Street, This Unstoppable AI Powerhouse Is a No-Brainer Buy

Wall Street can’t stop talking about Intel (NASDAQ:INTC), the once-faded chipmaker now sporting a 168.75% year-to-date rally on the back of an NVIDIA $5 billion equity injection, a U.S. government stake, and breathless turnaround chatter. Here is what the data actually shows. The Intel Trade Is Crowded, Capital-Hungry, and Mispriced for This Rate Regime The ... Forget Intel Corporation: As Rising Yields Shake Wall Street, This Unstoppable AI Powerhouse Is a No-Brainer Buy

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