In its latest SEC filings, Peter Thiel’s Thiel Macro fund sold 76% of its Tesla position and redeployed the proceeds into Apple, reflecting concerns that Tesla’s valuation has outpaced its slowing fundamentals. While Apple remains the smallest allocation in the fund, the move positions Thiel to benefit whether Tesla’s robotaxi ambitions succeed or institutional flows rotate toward blue-chip names. This strategic rebalancing signals growing confidence in Apple’s stability and cash-generation potential as markets face heightened uncertainty.

Apple shares have declined nearly 15% from recent highs, pushing the stock’s 14-day relative strength index to a 17-year low around 18. Such extreme readings are historically rare for this company and suggest that selling pressure may have gone too far, too fast. With quarterly results scheduled for next week, investors will watch iPhone unit trends in Greater China, Services margin performance and any commentary on AI integration to gauge whether fundamentals can reassert themselves and spark a rebound.

Bloomberg reports that later this year Apple plans to unveil a major overhaul of Siri, transforming the virtual assistant into the company’s first generative AI chatbot. Leveraging behind-the-scenes partnerships and in-house machine-learning models, the upgrade is designed to keep pace with competing offerings from major cloud providers and differentiate Apple’s ecosystem. Successful deployment could enhance customer engagement across devices and bolster Services revenue — a key area of focus as hardware sales face margin pressures.

In a recent court filing in India, Apple has asked a tribunal to prevent the Competition Commission from accessing its global financial records as part of an investigation into App Store policies. The company argues that the request exceeds the commission’s mandate and infringes on jurisdictional boundaries. By contesting the underlying law’s validity, Apple aims to limit regulatory overreach and protect the confidentiality of commercially sensitive data, an outcome that could set precedent for how multinational tech firms manage compliance in key emerging markets.