Apple extend gains after report co is mulling external AI models for Siri

ReutersJul 1, 2025 4:56 PM

Apple's AAPL.O shares extend gains after Bloomberg News reported Monday that the company is considering using AI models from Anthropic or OpenAI to power Siri

AAPL shares rise 1.5% to $208.30, hitting a six-week high

"There is a very low bar for Apple on AI and investors want to see Cupertino get off the treadmill," says Wedbush analyst Dan Ives

33 of 50 brokerages rate the stock "buy" or higher, 13 "hold" and 4 "sell"; their median PT is $235 —LSEG

As of last close, stock down ~16% this year

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