Apple (AAPL-US) Plummets 5% on Siri AI Delay and FTC Review of Apple News

Apple (AAPL-US) fell 5% on Thursday, its worst single-day performance since April 2025, as two key developments sent selling pressure: the delay of the upcoming Siri AI update and the Federal Trade Commission’s (FTC) review of Apple News’ content curation practices. The stock traded as low as 260.18 before closing at 261.73, down 5% from its opening 275. According to Bloomberg, the Siri AI upgrade, originally scheduled for early this month, may be delayed to May or further, with a phased rollout likely. In a letter to CEO Tim Cook, FTC Chair Andrew Ferguson asked Apple to examine its Apple News recommendation algorithm, citing concerns about preferential treatment of left-leaning media and suppression of conservative content, and whether such practices comply with fair principles.