Apple Unveils New Siri at WWDC 2026: When Will AI Progress Catch Up?
Apple unveiled a revamped Siri and upgraded Apple Intelligence suite at WWDC 2026, but shares fell 1.89% in a classic "sell the news" reaction. The question remains whether Apple's late-arriving AI strategy can justify its premium valuation and translate the "AI narrative" into a meaningful upgrade cycle and services revenue growth. Against a backdrop of surging chip stocks and capital chasing high-beta AI hardware, Apple's measured AI pace looks increasingly cautious — after WWDC, do you view Apple as an undervalued AI execution leader, or a narrative laggard serving as a defensive hold?