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Here’s why Apple stock is plunging on Thursday
Apple stock AAPL slid nearly 4% on Thursday as investors trimmed exposure to the market’s biggest technology names and rotated into other parts of the S&P 500.
The move looked less like a company-specific verdict on iPhone demand and more like a positioning shift, with money managers turning cautious on megacap valuations after a strong multi-year run.
That rotation has been building in recent sessions as traders chase different catalysts, including AI hardware winners and more “value” sectors.
The market is trying to broaden beyond a handful of trillion-dollar leaders.
Recent sessions have seen the Dow hold up better than the tech-heavy Nasdaq as flows move toward industrials, energy, and other groups that had lagged the rally.
Apple Stock Posts Worst Day In 10 Months On AI Setback, Regulatory Heat
Apple Inc. shares closed down 5% on Thursday, their steepest decline since early April, after reports said the company had once again delayed its long-awaited AI upgrades to Siri and was facing a regulatory review of Apple News.
Bloomberg reported, citing sources, that the Siri update had run into snags during testing in recent weeks, delaying its rollout.
Apple had reportedly planned to roll out the new features with iOS 26.4 in March, but is now expected to stagger them across later updates, potentially pushing some to iOS 26.5 in May and even iOS 27 in September, according to the report.
Meanwhile, the Federal Trade Commission approached Apple with a warning that the company’s Apple News product may violate federal law, according to a report in the Wall Street Journal.
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