When a company the size of Apple Inc. drops ~5%, headlines scream crisis.
But this wasn’t panic selling. It was timeline risk getting priced in.
Markets are not questioning Apple’s balance sheet.

They are questioning when AI actually shows up in products people touch.
A delay in next-gen Siri or on-device intelligence does not break Apple.
It shifts the narrative window, and narratives matter when expectations are stretched.

Here is the part most miss:
At a $3T+ valuation, small percentage moves are not signals of weakness. They are signals of uncertainty compression. The AI race is no longer about who has models. It is about who turns them into everyday utility, quietly, at scale. Apple tends to arrive late.

Markets just need reassurance it will not arrive irrelevant.