Apple Faces AI Lawsuit Amid Stock Decline Woes

Apple ( (AAPL) ) has been popular among investors this week. Here is a recap of the key news on this stock.

Apple is facing a challenging period as it grapples with a lawsuit from its shareholders. The lawsuit, filed in a San Francisco federal court, accuses the tech giant of not integrating advanced AI features into its Siri digital assistant quickly enough, which has allegedly impacted iPhone sales and the company’s stock price. This legal action highlights the growing pressure on Apple to enhance its AI capabilities, especially as the company recently delayed the release of an AI-enabled Siri to mid-2026. The delay has disappointed investors and analysts, contributing to a 20% decline in Apple’s stock this year.

Despite these setbacks, Wall Street analysts hold a cautiously optimistic view on Apple’s stock, with a consensus Moderate Buy rating. The average price target for Apple shares is $226.94, suggesting a potential upside of 15.44% from current levels. However, the company’s slow progress in AI advancements and external challenges, such as tariff uncertainties and competition from other tech giants, continue to weigh on investor sentiment. As Apple seeks to rebound, its strategic moves, including expanding manufacturing in India and exploring generative AI for chip design, will be closely watched by the market.