Apple Inc.'s (NASDAQ:AAPL) latest AI announcements sparked a fresh debate on Wall Street, with analysts divided over whether the company's Siri overhaul positions it for the next phase of artificial intelligence adoption or underscores its growing reliance on partners such as Alphabet Inc.
(NASDAQ:GOOGL) and NVIDIA Corporation (NASDAQ:NVDA) to remain competitive in the AI race.
Apple Faces Pressure After WWDC CNBC's MacKenzie Sigalos said on Wednesday that Apple underperformed the Nasdaq and landed at the bottom of the Magnificent Seven after outgoing Apple CEO Tim Cook's WWDC keynote.
She said Apple demonstrated functional generative AI on devices via Siri.
Still, the feature will arrive in beta later this year with a limited rollout and will not yet be available in key markets such as Europe and China.
