Apple: Wall Street Is Leaning Into New Siri AI After an Initial Panic

Apple shares recovered from an initial selloff following the June 8 WWDC announcement of new Siri AI features. After dropping sharply due to concerns about gradual rollout, limited third-party app access, and EU regulatory pushback, the stock has steadily climbed back. Wall Street has warmed to the opportunity, citing Apple's monetization strategy through premium service tiers, seamless cross-device integration, and a capital-light AI approach compared to peers. Analysts like Maxim Group reiterated Buy ratings with $350 price targets, though CEO transition and regulatory risks remain.