Apple has fallen behind many tech rivals by largely sitting out the AI arms race. Its 40-day correlation with the Nasdaq 100 Index fell to 0.21 last week, the lowest since 2006, down from about 0.92 in May.
Polymarket data forecasts AAPL will drop to roughly $240 from about $263 by the end of February. Siri upgrades are delayed and voice commands remain unreliable, and the stock fell about 5% in one trading session.
Federal Trade Commission Chairman Andrew Ferguson sent a letter to CEO Tim Cook alleging bias in Apple News. He said the company favors left-wing narratives while suppressing right-wing views and consolidating influence.
Apple invited media to a “special Apple Experience” set for March 4 at 9:00 AM ET. The event spans New York, London and Shanghai, and reports say several new devices may arrive the week of March 2.
Wayne Kaufman of Phoenix Financial Services criticized the stock’s value, saying, “Apple is not a bargain and it hasn’t been in a while, and there’s no real growth there compared with the rest of tech,” He added, “There’s a lot less risk for hardware than software,” and “And regardless of anything else, it isn’t like people can use AI to code themselves a new iPhone.”
