Apple reshuffles AI team; stocks drop significantly

Apple is restructuring its AI leadership as it tries to improve its Siri voice assistant, which has not met expectations. This announcement has affected the stock market, pushing major indices into negative territory. The NASDAQ index is down by 47 points, or 0.27%, now sitting at 17,703. Earlier in the session, it had risen by 152 points. The S&P index also lost ground, dropping 6 points to 5,669.77 after reaching a peak of 35.86 points earlier. Shares of Apple fell by $1.16, a decrease of 0.53%, bringing the stock price to $214.08. Today, it had climbed as high as $217.49. For the year, Apple's shares have decreased by 14.40%, with a low of $208.42 recorded. The next key price target for investors is $212.03, which is the midpoint of a previous recovery from a low in April 2024.