Apple (NASDAQ:AAPL) has reportedly begun hiring ex-Nuance (NASDAQ:NUAN) engineers near Nuance's home turf in Boston. The most obvious possibility here is that Apple may be interested in ditching the voice-recognition specialist in favor of building its own speech-recognition engine.
In the following video, Fool contributor Evan Niu, CFA, and Eric Bleeker, CFA, discuss why such a move would make sense for the Mac maker, but also why Nuance investors shouldn't be overly concerned.
Eric Bleeker, CFA, has no position in any stocks mentioned. Fool contributor Evan Niu, CFA, owns shares of Apple. The Motley Fool recommends and owns shares of Apple and Nuance Communications. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.