Apple (AAPL) Shares Drop 5% Amid FTC Warning and AI Feature Delays

Apple (AAPL) shares fell 5% on Tuesday after the Federal Trade Commission issued a warning letter regarding Apple News, adding to pressure following reports that AI-powered Siri features are being delayed. The tech giant's shares continued to weaken, down nearly 1% early Friday. Tech sector weakness, weighed by AI infrastructure spending and stretched valuations, dragged on broader market gains. Apple and the Magnificent Seven (MAGS) underperformed the S&P 500 this year. Hyperscalers Alphabet (GOOG, GOOGL), Microsoft (MSFT), Amazon (AMZN), and Meta (META) face concerns over overspending on AI, while Nvidia (NVDA) is also flat amid sector-level caution. Apple's recent rally after a record holiday-quarter report was largely erased by Thursday's decline.