Apple Struggles to Keep Up in AI Race Amid Market Turmoil

Apple shares are down over 16% this year and lag behind competitors in AI development, leading to internal crisis among employees. Siri is falling behind, hindering future product development. Hiring of Google’s AI chief has not yielded desired benefits. Competitors’ massive AI investments exacerbate Apple’s crisis.

Market struggles with overbought conditions, closing slightly lower due to tariff-related jitters. Amazon’s Prime Day boosts e-commerce sales, while Meta hires Apple AI executive. Analysts raise S&P 500 year-end targets, but caution about potential market corrections. Technical indicators suggest market vulnerability to pullback despite bullish trend.

Market anticipates a more dovish Fed Chair after Powell’s term ends in May, but implied odds for further rate cuts are minimal. Traders closely watching upcoming Fed meeting minutes for direction.

Read more at Investing.com: Apple: Can It Catch Up in the AI Race as Rivals Turn Up the Heat?