A looming ban on TikTok set to take effect on Sunday presents a multibillion-dollar headache for app store operators Apple and Google.
Apple reportedly disabled artificial intelligence-generated news summaries on the beta version of a new iOS operating system. The company did so after earlier updates failed to stop the Apple Intelligence-powered feature from incorrectly summarizing or simply making up information, The Washington Post reported Friday (Jan. 17).
Kenny Polcari, chief market strategist at SlateStone Wealth, sees Apple as a long-term investment opportunity and says that other investors tend to overreact when the company's sales in China fall.
Pre-market futures are up again today, after taking a breather Thursday following Wednesday's relief rally on softer Consumer Price Index (CPI) numbers. The Dow has now climbed into positive territory over the past month of trading; all major indexes are in the green year-to-date.
Glenn Gerstell, Center for Strategic and International Studies senior advisor and former NSA general advisor, joins 'Squawk on the Street' to discuss Gerstell's perspective on the TikTok situation.
The stock is down nearly 10% over the past three weeks.
Apple (AAPL) shares will be in focus on Friday after recording their largest one-day drop since early August yesterday following news that the tech giant lost its coveted position as China's largest smartphone seller last year.
The Supreme Court has ruled to uphold the TikTok ban. Although Trump could choose to not enforce the law, it's unclear whether third-party internet service providers will trust that they won't face any consequences for failing to comply.
Apple Inc. (NASDAQ: AAPL) shares changed hands for $260 the day after Christmas.
Evercore ISI upgraded Apple (AAPL) to tactical outperform on bullish sentiment that its iPhone cycle still has longevity. Jenny Horne talks about whether Apple is still considered a safety trade in tech.
Stocks Show Resilience Despite Apple's Drop And Concentration Risks
Apple has suspended AI-generated summaries of news notifications after some were criticised for being misleading and false.