Apple Stock's Not-So-Magnificent Year: Can AI, iPhone 17 Close the Gap with Big Tech Peers?
Key Takeaways
- Apple shares have declined 5% since the start of the year, making it the only Magnificent Seven stock in the red for the year.
- The iPhone maker has struggled to roll out artificial intelligence features, leading Wall Street to debate whether the company should make an uncharacteristically large acquisition to close the gap with big tech peers that have gone all in on AI.