Apple Inc. (NASDAQ:AAPL) delivered the biggest artificial intelligence overhaul in its history on Monday, with CEO Tim Cook unveiling a rebuilt Siri AI powered by Google’s Gemini at his final WWDC before handing the company to John Ternus in September, but Wall Street was not impressed.
AAPL stock hit $317 during the keynote, then reversed sharply to close at $301.54. The stock is down more than 3% in Tuesday’s trading.
Siri is moving to a standalone app with synced conversation history, effectively becoming a full chatbot.
Cook sold the AI reset hard while saying little about the hardware backlog he leaves Ternus, who skipped the keynote. Bloomberg’s Mark Gurman reports an M5 Mac Studio refresh and a low-cost iPad are delayed, with Apple’s N50 smart glasses pushed to late 2027.
What Investors Hated About The Siri Reveal
