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Apple shares reverse lower after big Siri news. Why we're not bothered

Apple delivered on what Wall Street was expecting: a complete artificial intelligence overhaul — leveraging Google's Gemini in a new conversational Siri and updating the company's in-house AI efforts. Just before the Siri news was announced at the company's Worldwide Developers Conference (WWDC) on Monday afternoon, Apple shares were up more than 3%. We know that a single day's stock move is not the whole story — but by the end of the event, the stock was down more than 1%.

CNBC 1d ago

Nvidia's entrance into the PC market gives investors another reason to own the stock

Nvidia has added another leg to its investment case, planted far away from the data center. It's on your desk at the office and at home. At the influential Computex conference in Taiwan, CEO Jensen Huang focused the first half of his keynote address on the data center and the wonders of Nvidia's Vera computing platform for agentic AI workloads.

CNBC 9d ago

My guide to the IPOs of SpaceX, OpenAI and Anthropic — including the one I really want to buy

A couple of years ago, I hit it big at the ponies in an obscure northern track. I met one of the executives there. We took some swell pictures and we now exchange holiday greetings.

CNBC 9d ago

Apple stock is coming hot into next week's WWDC. How the company can meet the moment

Earnings season may be coming to an end — but on Monday, for one of our "own it, don't trade it" names, comes a much higher-stakes event as shares hover around all-time highs. That is when Apple kicks off its annual Worldwide Developers Conference, or WWDC for short. When it comes to Apple and what investors in the stock at these levels care about, it is all about Apple Intelligence, the company's AI suite.

CNBC 4d ago

Here are the 6 big things we're watching in the stock market this week

Earnings season for Club names has come to an end, but that doesn't mean the excitement has. This coming week is packed with market-moving inflation data and two key corporate events. Apple's Worldwide Developers Conference starts its five-day run on Monday, and Apple is expected to raise the curtain on a new, conversational Siri assistant, powered by Google's powerful Gemini artificial intelligence model.

CNBC 3d ago

How Jim Cramer views Apple on Day 2 of its post-WWDC keynote pullback

The pullback in Apple following Monday's Worldwide Developers Conference keynote does not shake our conviction in the stock. But we're not rushing to buy the dip either. "We're not going to trade Apple.

CNBC 23h ago

Corning strikes another multibillion-dollar AI deal. What the new Amazon pact means for the stock

Corning stock surged Monday after the company inked a major data center deal with Amazon — the latest in a string of high-profile wins for the Club holding. Amazon said it will pay Corning billions of dollars for optical fiber in the coming years to support its growing data center footprint. The investment will allow Corning to expand production and create 1,000 new jobs at its North Carolina manufacturing facilities.

CNBC 1d ago