Apple Shares Fall After Siri Delay, Regulatory Scrutiny

Apple suffered its worst trading day since April on Thursday, with shares dropping 5% after Bloomberg reported the long-awaited Siri AI update was pushed to May or later and the FTC raised concerns about Apple News curation. The decline wiped out the company's 2026 gains and left the stock down nearly 4% year-to-date; UBS's sector downgrade added pressure amid AI spending worries.