Just caught Apple's rough day yesterday - stock took a 5% hit, biggest drop since April. Not great timing with everything else going on in tech right now.

So the apple drop seems tied to two main things hitting at once. The FTC sent a letter to Tim Cook about the Apple News app potentially violating regulations, claiming it pushes left-wing content over conservative outlets. Meanwhile Bloomberg dropped a report that Apple's AI-powered Siri update got delayed, which is adding fuel to the fire that they're falling behind on AI compared to other big players.

With the Trump administration being pretty active on corporate policy lately, this regulatory attention on Apple is raising some eyebrows. The company had been trying to strengthen its position domestically through manufacturing investments, so this kind of scrutiny probably wasn't on the agenda.

What's interesting is the timing - Apple had just posted record holiday quarter revenues driven by strong iPhone and services numbers, so the apple drop yesterday kind of wipes out a lot of that recent momentum. The delays on the AI side are probably the bigger concern for investors though. Still early in 2026 and Apple's shares are in the red overall.

Feels like the market is getting nervous about whether Apple can keep up in the AI race while dealing with these regulatory headwinds at the same time.