How one sentence from Apple’s VP of software engineering at WWDC 2025 may have wiped $75 billion from company’s market value

Apple’s stock experienced a sudden and significant drop during its annual Worldwide Developers Conference (WWDC) keynote. According to a report, this drop wiped approximately $75 billion in the company’s market value within minutes of the presentation. This decline appears to be directly linked to a crucial update regarding Apple’s artificial intelligence (AI) initiatives, particularly concerning Siri.

Apple’s share decline is linked to comments on ‘smarter AI’