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Market Data Table

Breakfast News: Siri Set for Major AI Overhaul

March 27, 2026

Thursday's Markets
S&P 500 6,477 (-1.74%)
Nasdaq 21,408 (-2.38%)
Dow 45,960 (-1.01%)
Bitcoin $69,125 (-2.21%)

Chart comparing Apple's stock performance over the past three years to the performance of its AI peers, with Google up 177%, Meta up 173%, Amazon up 113%, and Apple up 60%.

1) Apple Mulls Plan for More Siri AI Choice

Apple (NASDAQ:AAPL) is planning to open up the Siri operating system to outside artificial intelligence (AI) assistants in the upcoming software release in a bid to catch up to peers and generate more revenue from third-party AI subscriptions. The stock rose almost 1% ahead of the market open.

AI chatbot apps installed on the iPhone will be able to integrate with Siri: The iOS 27 operating system overhaul should enable users to send questions to Anthropic's Claude, Alphabet's (NASDAQ:GOOG) Gemini, or others, according to those familiar with the matter.
Clear potential to boost services revenue: Under the new reported measures, Apple would no longer be an exclusive user of OpenAI's ChatGPT, although the move could allow Apple to take a percentage of paid subscriptions from the different new providers integrated on Siri.

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2) RDDT and SNAP Plunge on Addiction Ruling

Social media-related stocks, including Rule Breakers recommendation Reddit (NYSE:RDDT) and Snap (NYSE:SNAP), closed down over 8% yesterday after investors digested the potential implications of the landmark suit around youth social media addiction.

Bellwether result ahead of other similar filings: The $6.4 million plaintiff award, payable by Meta (NASDAQ:META) and Alphabet, could open the floodgates to more trials for the wider sector as the push to protect young users increases.
"This is a company that's going to revenue north of 70% year over year": Last week, Fool contributing analyst Rick Munarriz talked through his conviction on Reddit, saying "I think there's going to be several more years of explosive growth, and the fact that you can buy the stock at a discount to its growth and now at a deep discount to growth on a forward earnings basis, I think it's an attractive stock."

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3) Anthropic Wins Legal Fight as IPO Nears

The Information reports Anthropic is considering going public as soon as October, with a listing potentially raising more than $60 billion. The news comes alongside confirmation of the company winning a court order against the U.S. government's ban on department use of Anthropic's AI tech.

IPO race with OpenAI heats up: A fourth-quarter public offering would act to not only raise capital for further development but could also act to boost credibility with various stakeholders. Anthropic and OpenAI are both seen vying to be the first to hit the public market.
The Pentagon had declared the company a threat to the U.S. supply chain: Anthropic argued in court that the block would negatively impact the company through billions of dollars in lost revenue, with judge Rita F. Lin noting the actions of the government "appear designed to punish Anthropic" through "classic illegal First Amendment retaliation."

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4) Your Take

What's one investment thesis you're questioning after this month's events?

Debate with friends and family, or become a member to hear what your fellow Fools are saying!

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