<div id="readability-page-1"><div><div>Apple Inc. AAPL executives have held internal discussions about potentially acquiring Perplexity AI.What Happened: Adrian Perica, Apple's head of M&amp;A, floated the idea with senior leaders, including services chief Eddy Cue, reported Bloomberg, citing people familiar with the matter.The talks are still in early stages and to date, no direct outreach to Perplexity has occurred, said the report.Perplexity AI, responding to the publication, stated, &#34;We have no knowledge of any current or future M&amp;A discussions involving Perplexity.&#34;Apple did not immediately respond to Benzinga's request for comments.Why It's Important: On Friday, Apple was sued by shareholders who claim the company misled investors about how quickly advanced AI features — especially improvements to Siri — would be integrated, reported Reuters.The complaint, filed in San Francisco federal court, accuses Apple executives, including CEO Tim Cook, of downplaying delays in AI development, which allegedly impacted iPhone sales and stock value.Since peaking in December 2024, the company has seen a decline of nearly $900 billion in market value, the report noted.Price Action: Apple shares have fallen 17.57% since the beginning of the year and are down 3.13% over the past 12 months, according to Benzinga Pro.Benzinga's Edge Stock Rankings highlight a consistent downward trend for Apple across short, medium and long-term timeframes. Further performance details are available here.<ul> <li>Dow Jones Breaks 43,000, Palantir Hits New Record Highs: What’s Driving Markets Wednesday?</li> </ul>Photo courtesy: jamesteohart / Shutterstock.com</div></div></div>

AAPL

AAPB

AAPD

AAPU

AAPX

AAPY

APLY

Apple Inc. is considering acquiring Perplexity AI, with discussions led by M&A head Adrian Perica. However, no formal outreach has occurred. Concurrently, Apple faces a shareholder lawsuit alleging it misled investors about AI advancements, particularly regarding Siri, which has reportedly affected iPhone sales and stock value. Since December 2024, Apple's market value has dropped by nearly $900 billion, with shares down 17.57% this year and 3.13% over the past year.

- Apple Inc. executives are considering acquiring Perplexity AI, with discussions led by Adrian Perica, the head of M&A.  
- The talks are in early stages, and no direct outreach to Perplexity has occurred, while the latter denies any knowledge of M&A discussions.  
- This comes amid a lawsuit from shareholders claiming Apple misled investors about AI feature integration, contributing to a significant decline in market value since December 2024.

Benzinga

Apple

GraniteShares 2x Long AAPL Daily ETF

Direxion Daily AAPL Bear 1x Shares

Direxion Daily AAPL Bull 2X Shares

T-Rex 2X Long Apple Daily Target ETF

Kurv Yield Premium Strategy Apple Aapl ETF

YieldMax AAPL Option Income Strategy ETF

Apple Eyes Perplexity AI Acquisition While Facing Shareholder Lawsuit Over Exaggerated AI Progress: Report