Apple stock falls 5% after delay in AI Siri launch

Apple stock fell about 5% in one day, and it is now going toward its biggest daily drop since April 2025, according to a post by The Kobeissi Letter on X. The stock started falling because reports said Apple’s AI-powered Siri upgrade is getting delayed, which worried investors. Many analysts earlier expected Apple to launch the new AI Siri in March 2026, but new reports say the release is now pushed to May 2026.

Some of the advanced Siri features may come even later, possibly in the fall season, according to media reports cited by Investors Daily Business. Apple first planned to launch the new “Siri 2.0” by mid-2025, but the company faced development problems. Late last year, Apple teamed up with Google’s parent company Alphabet, and at that time it looked like the March 2026 launch was possible.

Siri upgrade delay

However, fresh technical problems have again slowed the project, causing another delay in the Siri upgrade. Bloomberg reported that Apple will likely release the first part of Siri 2.0 in May 2026 and add more features later in September 2026.Experts say this step-by-step rollout of AI features may disappoint investors and customers.

Apple stock price

During late morning trading, Apple stock dropped nearly 3% and reached about $267.29, according to stock market data cited by Investors Daily Business. Evercore ISI analyst Amit Daryanani said Apple may launch more Apple Intelligence features at WWDC in June 2026. He also said the fully personalized Siri, especially the part that uses personal user data, may come only with the iPhone 18 Pro in September, according to Amit Daryanani’s note.

The analyst kept his “outperform” rating on Apple stock and gave a price target of $330, according to Evercore ISI. He added that Apple is focusing strongly on privacy and data protection before launching the new features. Market charts show Apple stock had formed a “cup base” pattern with a buy point of $288.62, according to MarketSurge charts. But after the recent fall, the stock may now be forming a “handle pattern,” which could create a lower buying level, according to IBD trading principles.

FAQs

Q1. Why did Apple stock fall recently?

Apple stock fell because reports said its new AI Siri launch is delayed, which worried investors.

Q2. When will the new AI Siri be released?

Reports say Apple may release the first Siri upgrade in May 2026, with more features later in the year.