AAPL Apple 3-Minute Chart; Siri AI Lays an Egg

It was a happy time at Apple's WWDC (Worldwide Developers Conference) on 6/8/26 in Cupertino with the techno-beat of excitement pumping the crowd. It would be the last keynote address at that event for retiring CEO Tim Cook. There were a lot of doubts about Cook when he took the helm because who could fill marketing extraordinaire Steve Jobs shoes? Cook was an expert in logistics and that is what carried him well during his time in the top job at Apple.

But the event was a let-down. AAPL stock popped on the announcement of Siri AI, they must have been up all night thinking up that name, but then fell on its sword when the news fell short of a big surprise. The Siri AI announcement was delayed from last year's meeting. Analysts already knew what was generally coming but everyone expected the big surprise news that typically accompanies such events. It was a let-down and the stock started falling apart.

Maybe Apple has lost its edge and is incapable of surprises anymore? Cook figures they have a lock on smartphones and all AI roads lead through the Apple device. It is an interesting strategy until AI develops something new hardware-wise and then what do you got? Buptkis.

Cook is leaving and maybe he was cookin' the books on his way out. John Ternus-around is the new guy that takes over on 9/1/26. AAPL stock drops -5% intraday on the Siri AI news. Is AI really the Second Coming? In a few months, as people assess the money they wasted on artificial intelligence thus far, they will be saying, "AI yai-yai-yai-yai. Ay yai yai. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.