Apple Inc. shares dropped in premarket trading after a downgrade by Needham, citing concerns over the company’s growth prospects and position in the market. The downgrade reflects worries about AI risks and a potentially limited iPhone upgrade cycle, impacting Apple’s stock performance in 2025.
Disney eyes acquisition of Character.ai amid bankruptcy filing
Disney is considering a potential acquisition of Character.ai, a tech startup that has recently filed for Chapter 11 bankruptcy. The move could allow Disney to integrate advanced AI chatbot technology into its offerings. This acquisition could reshape Disney’s approach to digital interactions and character engagement.