Apple Stock Dips After Siri Delay, But Analyst Says Long-Term Upside Remains

Gene Munster argues Apple Intelligence still offers 'optionality value' for investors despite the temporary setback.

Published on Feb. 12, 2026

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Apple's stock price briefly dipped after a report emerged that some new Siri features could be delayed by 3-4 months. However, analyst Gene Munster says the slide shows how 'low' investors' expectations are for Apple's AI efforts, and that the company's long-term potential in personalized AI remains intact despite the short-term delay.

Why it matters

Apple's Siri has long been viewed as lagging behind competitors like Amazon's Alexa and Google Assistant. The latest delays in upgrading Siri highlight the challenges Apple faces in keeping pace with rapid advancements in AI-powered virtual assistants, which are becoming increasingly important features for tech giants to compete on.

The details

According to the report, Apple's plans to overhaul Siri have been hampered by testing difficulties, including Siri struggling with queries, slower response times, and accuracy inconsistencies. As a result, some new Siri features will now be rolled out in phases, with some updates delayed until iOS 26.5 or even iOS 27.

  • Apple had previously planned to launch the new Siri in 2026, but the timeline is now uncertain.
  • The company had targeted March 2026 for the Siri launch, but that may now be delayed further for some features.

The players

Gene Munster

The managing partner at Deepwater Asset Management, who commented on Apple's stock performance following the Siri delay news.

Mark Gurman

A Bloomberg columnist who reported on the Siri delays.

Apple Inc.

The technology company that is facing challenges in upgrading its Siri virtual assistant.

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What they’re saying

“The bottom line is Apple Intelligence continues to hold optionality value for AAPL investors. I believe they'll eventually get it right and be a key beneficiary of what will be a significant personalized AI opportunity.”

— Gene Munster, Managing Partner, Deepwater Asset Management (X)

What’s next

The judge in the case will decide on Tuesday whether or not to allow Walker Reed Quinn out on bail.

The takeaway

This case highlights growing concerns in the community about repeat offenders released on bail, raising questions about bail reform, public safety on SF streets, and if any special laws to govern autonomous vehicles in residential and commercial areas.