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Why Apple's stock suddenly dropped a few minutes into its WWDC keynote

  • Apple's stock dropped suddenly, shedding roughly $75 billion in market value during its WWDC keynote.
  • The drop was attributed to Craig Federighi's announcement about Siri still needing more time for improvements.
  • Apple's slow progress in AI contrasts with competitors like OpenAI, Google, and Microsoft who are advancing rapidly.
  • Investor expectations for significant AI advances from Apple were not met, leading to the stock decline.

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