AAPL Slips to $290.55 as Memory Costs Cloud Post-WWDC AI Outlook

Apple shares closed at $290.55 on June 9 after a classic sell-the-news reaction to WWDC 2026. The event unveiled an AI-rebuilt Siri running on Google Gemini plus expanded Apple Intelligence features, yet analysts questioned near-term monetization and iPhone upgrade traction. Sentiment has since shifted toward the expected 2027 foldable iPhone as the next major catalyst while rising DRAM costs threaten margins. Wedbush stays bullish at $400 but Barclays remains Underweight at $253 amid broader tech weakness.