Apple Stock Falls After Bank of America Flags a New AI Threat

This article first appeared on GuruFocus. Apple (AAPL) shares fell nearly 2% in morning trading Tuesday as Bank of America warned that AI agents could shift online shopping activity away from Apple's ecosystem. Bank of America kept its Buy rating on Apple, citing its large installed base, user trust and privacy-focused technology as potential offsets to the emerging competitive pressure. Warning! GuruFocus has detected 7 Warning Sign with ABBV. Is AAPL fairly valued? Test your thesis with our free DCF calculator.AAPL GF Value chart The concern centers on Meta (META)'s Muse, an AI agent designed to handle tasks such as browsing sites, completing forms and continuing work after users leave the app.