Stocks

Why was Apple Sued for Securities Fraud?

Apple is a multinational technology company that engages primarily in the businesses of smart-devices and artificial intelligence (“AI”). Apple’s software includes a digital personal assistant called “Siri,” which was first introduced in October 2011. The complaint alleges that Apple misrepresented Siri’s advanced AI-based features as well as its ability to deliver them within the iPhone 16 product cycle.

In truth, as alleged, Apple lacked a functional prototype of Siri’s purported advanced AI-based features and misrepresented the time it would take to integrate such features into its devices.

The Stock Declines as the Truth is Revealed

On March 7, 2025, Apple announced it was indefinitely delaying several AI-based Siri features, citing development delays and pushing their release to sometime “in the coming year.” On this news, the price of Apple stock declined $11.59 per share, or almost 5%, from $239.07 per share on March 7, 2025, to $227.48 per share on March 10, 2025, the following trading day.

Then, on June 9, 2025, Apple hosted its Worldwide Developer Conference for 2025. Noticeably, Apple failed to announce any new updates regarding advanced Siri features. Analysts and media outlets described the WWDC as “underwhelming” and “disappointing,” with CNN stating that “it’s unlikely that any of the announcements made at Monday’s event will change the perception that Apple is behind its competitors in AI.” On this news, the price of Apple stock declined $2.47 per share, or over 1%, from $203.92 on June 6, 2025, to $201.45 per share on June 9, 2025, the following trading day.

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All $90 left in my RH account...yolo? is that right? am I doing the thing?

Stock Watch: SOXL vs SOXS – A Divergence Play Setting Up?

Here’s something interesting I’ve been tracking:

SOXS (Semiconductor Bear 3x ETF) just flashed two consecutive bearish divergences on RSI. Price rallied, but momentum weakened each time, hinting at a potential exhaustion in the bearish momentum.

SOXL (Semiconductor Bull 3x ETF) on the other hand, is printing a bullish RSI divergence. Momentum is climbing while price is still struggling—classic early signal that buyers might step in soon.

If semis catch a bid, SOXL could get a strong bounce here, especially given how oversold it’s been recently. This might be a short-term reversal opportunity worth watching closely.

Charts attached. Curious what others think—anyone else seeing the same thing or trading this pair?

Good luck with Monday's stock market crash. Circuit breakers already tripped in Japan. Its Orange Monday.

Context for the people who don't know/care: Hurricane Katrina

Did you know that an ETF was created based on the stock holdings of both Pelosi and Cruz? Two people that can use privileged information to do insider trading because Congress has no laws against that. Here is what the last month of each looks like. For the Dow during the same period it is down 8.18% and the NASDAQ 11.99%. Pelosi is doing about average while Cruz is at almost half the loss regular index holders are experiencing over the last 30 days.

Meanwhile in the last 5 days Cruz is actually up when everyone else is down.

Down another 5% today puts it negative over the last 6 months.

I know some will say correction, but this feels like an aggressive sell off. Avg volume is 86M, today's 185M.

cross-posted from: https://reddthat.com/post/36485740

European defense firms appear set to profit from a massive EU investment in armaments, as the bloc reacts to a U.S. pivot away from Europe’s security under President Donald Trump.