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Benzinga
Benzinga
Business
Ananya Gairola

Apple Investors Have Shockingly Low AI Expectations, Says Gene Munster — Siri Upgrade Rumors Alone Fueled A 2% Stock Jump

Gene Munster Apple Nasdaq AAPL Deepwater Asset Management United States
Apple

Apple Inc.'s (NASDAQ:AAPL) stock bump on Monday shows just how eagerly investors are waiting for signs that the company is serious about artificial intelligence, according to Deepwater Asset Management's Gene Munster.

What Happened: Shares of Apple rose 2.03% on Monday — outperforming the broader Nasdaq — after a report emerged that the tech giant is exploring using large language models from OpenAI or Anthropic to power a revamped version of Siri by spring 2026.

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