Apple's slow response to the AI megatrend has been a drag on Apple stock. But the company might be looking to catch up with a major acquisition or partnership.
A recent decline in the price of Apple is a marked contrast from 2020 when the tech stock served as a safety trade in an uncertain market. Apple's underperformance doesn't mean tech is not attracting investors, as the sector as a whole has bounced back strongly from this year's big, early selloff.
Last year, investors piled into growth stocks on optimism about lower interest rates ahead and an improving economy -- this, along with strength in artificial intelligence (AI) stocks, led the S&P 500, the Dow Jones Industrial Average, and the Nasdaq Composite higher. But in the early months of 2025, concerns about President Trump's planned tariffs on imports weighed on appetite for growth stocks.
American technology giant Apple (NASDAQ: AAPL) has had a tough run in 2025, with the stock underperforming most of its peers, but July could mark a turning point.
Apple Inc (NASDAQ:AAPL, ETR:APC) is reportedly weighing an acquisition of Perplexity AI, a fast-rising name in artificial intelligence, as the company looks to reassert itself in a sector where it has so far lagged behind peers. The discussions, said to involve senior executives including mergers chief Adrian Perica and services lead Eddy Cue, remain at an early stage, according to reports firs...
Artificial intelligence (AI) stocks skyrocketed in 2024 amid excitement about this technology that could revolutionize businesses, saving time and money and leading to important discoveries. These players faced a few difficult months recently due to concerns about a potential economic slowdown.
Apple has reportedly held in-house talks about acquiring artificial intelligence (AI) startup Perplexity AI. [contact-form-7] That's according to a report Friday (June 20) by Bloomberg News, which points out that such a purchase would help Apple meet its need for AI technology and expertise.
The market hasn't been thrilled with Apple (AAPL 2.22%) this year. Its stock tanked after Trump's "Liberation Day" announcements, since its iPhones are predominantly made overseas, and its artificial intelligence (AI) upgrades have underwhelmed.
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