Apple Weighs Major AI Deal As Investors Reassess Growth And Valuation

AI summary

Apple, ticker NasdaqGS:AAPL, is reportedly weighing a major AI acquisition that would depart from its usual deal making approach. The potential move comes as Tim Cook prepares to hand the CEO role to John Ternus and as questions continue about Apple's position in AI. Rising memory costs and pressure on hardware pricing form part of the backdrop to the reported acquisition interest. Apple is best known for its hardware and services ecosystem, where AI already underpins features across...