Apple Falls 2% as Bank of America Flags Meta's Shopping Agent; Alphabet Slips, Microsoft Holds Steady
5 Articles
5 Articles
Apple Falls 2% as Bank of America Flags Meta's Shopping Agent; Alphabet Slips, Microsoft Holds Steady
The post Apple Falls 2% as Bank of America Flags Meta’s Shopping Agent; Alphabet Slips, Microsoft Holds Steady appeared first on 24/7 Wall St.. Apple (NASDAQ:AAPL) stock is at $331.08, down 2%, after Bank of America warned that a shopping agent from Meta Platforms (NASDAQ:META) could pull online commerce activity away from the iPhone ecosystem. Meta Platforms stock is at $718.53, up 0.4%, a modest gain for the developer of the agent behind the w…
Meta's Muse shows how artificial agentic intelligence can pose a risk to Apple as people change the way they use the Internet, according to a BofA Securities analyst. Exclusive material for subscribers. To have full access, access the link of the material and register.
Apple (AAPL) Stock Falls 2% After BofA Warns on Meta’s Muse AI Threat
TLDR Apple (AAPL) stock fell 2% to $332.22 on Tuesday after Bank of America flagged risks from AI agents. BofA analyst Wamsi Mohan says Meta’s new Muse app threatens Apple’s grip on mobile commerce and services revenue. Muse launched September 8 and hit 2.5 million downloads in two weeks, topping...
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