Apple (AAPL.US) is leading losses among the Magnificent 7, currently down 4.2%, as the stock faces pressure from both regulatory concerns and delays in its Apple Intelligence AI rollout.
Tech giants’ shares are under pressure following Donald Trump’s nomination of John Squires to lead the U.S. Patent and Trademark Office (USPTO). Squires has strong ties to Fortress Investment Group, a firm known for aggressively funding patent lawsuits, including past cases against Apple and Intel. His appointment is expected to favor patent holders, potentially making it harder for companies like Apple to challenge infringement claims at the Patent Trial and Appeal Board.
Adding to the headwinds, Apple has acknowledged that integrating AI-powered Siri enhancements through Apple Intelligence is taking longer than expected. While the update promises improved natural language processing and contextual awareness, Apple’s vague timeline of launching it “in the coming year” puts the company at a disadvantage against rivals like OpenAI, Google, and Microsoft, which continue advancing their AI-driven virtual assistants.
Source: xStation5
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