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Apple stock has severely lagged the rest of the Mag 7. BofA says a rumored AI deal could turn it around. [Yahoo! Finance]
Last apple inc. earnings: 4/30 04:30 pm
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US:NASDAQ Investor Relations: investor.apple.com
An AI acquisition could be a lifeline for Apple's stock, which has tumbled this year, says BofA. It's been a rough year for Apple stock, but there might be hope for a rebound with a rumored AI acquisition. Apple has been the worst-performing Magnificent Seven stock in 2025, with shares down 20% year-to-date. On top of weak iPhone sales and tariff concerns , the company has lagged in the AI race among its mega-cap tech peers. At Apple's WWDC earlier this month, the company failed to ease Wall Street's concerns about its Apple Intelligence product, with investors bemoaning the company's lack of a new killer app. However, Apple executives could be eyeing a purchase of AI startup Perplexity Bloomberg reported last week. While Perplexity has denied any M&A discussions and Apple has declined to comment, Wall Street didn't ignore the buzz. Bank of America believes a deal could throw a lifeline to Apple's thus-lacking AI strategy and turn the stock around. If you can't make your
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