<ul data-eligibleForWebStory="true"><li>Apple is reportedly in discussions to acquire the AI startup Perplexity, which could potentially boost Apple's stock performance.</li><li>Bank of America Securities (BofA) views this potential acquisition positively as a way to enhance Apple's AI strategy and turn around its declining stock value.</li><li>Apple has been struggling with a 20% decline in its stock value in 2025, weak iPhone sales, and lagging behind in the AI race among its tech peers.</li><li>BofA analysts believe that acquiring Perplexity could be a beneficial move for Apple, considering its current status as an AI laggard in the industry.</li></ul>

BofA Securities reiterates buy rating on Apple stock, sees several potential benefits to mooted Perplexity acquisition

Discover more