Mitsubishi UFJ Finl Gr Bolsa (NYSE: MUFG)

Mitsubishi UFJ Finl Gr (NYSE:MUFG) Bolsa

Mitsubishi UFJ Finl Gr

Mitsubishi UFJ Financial Group is the largest bank in Japan in terms of market capitalization and assets, with an 8.0% share of all domestic loans as of March 2024. It is the largest non-Chinese bank group globally and has a balance sheet slightly larger than those of JPMorgan Chase and HSBC Holdings. MUFG's operations in Japan account for around half of profit, banking in Thailand and Indonesia for around 15%, and equity-method earnings from Morgan Stanley most of the rest.

Asia

Long Ideas

Specialty ETFs

Markets

Trading Ideas

ETFs

AAPL

BBJP

WisdomTree Trust Japan Total Dividend Fund

ITOCF

MARUF

MARUY

MITSY

MSBHF

MUFG

SMFG

Sony Group Corporation American Depositary Shares

SONY

Las acciones de las principales casas comerciales de Japón suben tras la señal positiva de Warren Buffett.

Warren Buffett respalda a Japón: Aumentan acciones de casas comerciales tras su declaración

Mitsubishi UFJ Financial Group, Inc. Common Stock

Mitsubishi UFJ Financial Group Inc

News

CSGS

eSIM Go Taps CSG Ascendon to Simplify And Scale Digital Connectivity Offerings For Fintechs, Airlines, And Niche Markets

IREN

IREN Prices Upsized $500M Offering Of 3.50% Convertible Senior Notes Due 2029 With 30% Conversion Premium

Consideration composed of a $350m up-front payment and up to $1.0bn in development, regulatory and commercial milestones, along with mid-single to low double-digit royalties on Global Net Sales

Reported Earlier, Philochem Licenses Global Rights To Prostate Cancer Radiopharmaceutical OncoACP3 To RayzeBio, A Bristol-Myers Squibb Company, In Deal Worth Up To $1.35B

Victoria&#8217;s Secret &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSCO#NYSE">VSCO</a>) will release its first-quarter financial results before the <a href="https://www.benzinga.com/quote/VSCO/earnings">opening bell on Wednesday, June 11.</a>
Analysts expect the Reynoldsburg, Ohio-based company to report quarterly earnings at 28 cents per share, down from 40 cents per share in the year-ago period. Victoria&#8217;s Secret projects quarterly revenue of $1.41 billion, compared to $1.42 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On June 5, Barclays analyst Adrienne Yih maintained Victoria&#8217;s Secret with an Overweight rating and lowered the price target from $23 to $22.
Victoria&#8217;s Secret shares fell 2.3% to close at $22.20 on Tuesday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/VSCO/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul class="wp-block-list">
<li>Barclays analyst Adrienne Yih maintained an Overweight rating and cut the price target from $23 to $22 on June 5, 2025. This analyst has an accuracy rate of 63%.</li>
<li>Telsey Advisory Group analyst Dana Telsey maintained a Market Perform rating with a price target of $24 on June 4, 2025. This analyst has an accuracy rate of 60%.</li>
<li>JP Morgan analyst Matthew Boss maintained a Neutral rating and raised the price target from $17 to $22 on May 19, 2025. This analyst has an accuracy rate of 67%.</li>
<li>Wells Fargo analyst Ike Boruchow maintained an Underweight rating and raised the price target from $12 to $15 on May 14, 2025. This analyst has an accuracy rate of 71%.</li>
<li>Morgan Stanley analyst Alex Straton maintained an Equal-Weight rating and cut the price target from $23 to $19 on May 6, 2025. This analyst has an accuracy rate of 65%</li>
</ul>
Considering buying VSCO stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><a href="https://www.benzinga.com/quote/VSCO/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="591" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11025253/image-147-1024x591.png" alt="" class="wp-image-945639" style="width:651px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11025253/image-147-1024x591.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11025253/image-147-300x173.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11025253/image-147-768x443.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11025253/image-147.png 1121w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Read This Next: 
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<li><a href="https://www.benzinga.com/trading-ideas/short-ideas/25/06/45858699/top-2-tech-and-telecom-stocks-you-may-want-to-dump-in-q2">Top 2 Tech And Telecom Stocks You May Want To Dump In Q2</a> </li>
</ul>
Photo via Shutterstock

Earnings

Price Target

Pre-Market Outlook

Analyst Ratings

VSCO

Victoria's Secret Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

LINE

Reported Earlier, Lineage Prices $500M Offering Of 5.250% Senior Notes Due 2030 At 98.991% Of Face Value

Reported Earlier, Omega Healthcare Prices $600M Public Offering Of 5.200% Senior Notes Due 2030; Proceeds Target Debt Repayment

GGAL

Reported Earlier, Grupo Financiero Galicia Prices Secondary Offering Of 11,721,449 ADSs At $54.25 Each; All Proceeds To Selling Shareholder HSBC Bank Plc

The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, while the index remained in the &#8220;Greed&#8221; zone on Tuesday.
U.S. stocks settled higher on Tuesday, as the Dow Jones index gained more than 100 points during the session, with investors closely watching for potential progress in ongoing U.S.-China trade negotiations taking place in London.
Shares of Casey's General Stores Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASY#NASDAQ">CASY</a>) jumped around 12% on Tuesday after the company reported better-than-expected fourth-quarter financial results and increased its quarterly dividend. Shares of Calavo Growers Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVGW#NASDAQ">CVGW</a>) dipped more than 16% after the company reported worse-than-expected second-quarter financial results.
On the economic data front, the NFIB Small Business Optimism Index rose to 98.8 in May from 95.8 in April and topping market estimates of 95.9.
Most sectors on the S&amp;P 500 closed on a positive note, with energy, health care and consumer discretionary stocks recording the biggest gains on Tuesday. However, industrial stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by around 105 points to 42,866.87 on Tuesday. The S&amp;P 500 rose 0.55% to 6,038.81, while the Nasdaq Composite climbed 0.63% to 19,714.99 during Tuesday's session.
Investors are awaiting earnings results from Chewy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHWY#NYSE">CHWY</a>), Victoria&#8217;s Secret &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSCO#NYSE">VSCO</a>) and Oracle Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 63.7, the index remained in the &#8220;Greed&#8221; zone on Tuesday, versus a prior reading of 61.8.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/short-ideas/25/06/45858699/top-2-tech-and-telecom-stocks-you-may-want-to-dump-in-q2">Top 2 Tech And Telecom Stocks You May Want To Dump In Q2</a> </li>
</ul>
Photo via Shutterstock

Equities

CASY

CHWY

CVGW

ORCL

S&P 500 Gains For 3rd Day Amid US-China Trade Talks: Investor Sentiment Improves, Fear Index Remains In 'Greed' Zone

BTSG

Reported Earlier, BrightSpring Prices Secondary Offering Of 14M Common Shares At $21.75, With No Proceeds To The Company

Reported Earlier, Karat Packaging Prices Secondary Offering Of 1.5M Common Shares At $27 Each, With No Proceeds To The Company

CBRL

Reported Earlier, Cracker Barrel Upsizes Private Offering To $300M Of 1.75% Convertible Senior Notes Due 2030

Reported Earlier, Byline Bancorp Prices Secondary Offering Of 4,282,210 Common Shares At $24.75, With No Proceeds To The Company

MXCT

MaxCyte And Ori Biotech Partner To Streamline Cell Therapy Manufacturing With Integrated ExPERT And IRO Platforms

Reported Earlier, Brown & Brown Prices $4B Public Offering Of 39,215,686 Common Stock At $102 Per Share To Help Fund RSC Acquisition

The ASYMTEK Vantage Dispensing system equipped with IntelliJet Jetting system reduced underfill voids and decreased cycle time by almost 30%.

NDSN

Reported Earlier, Nordson And PTI Push Packaging Innovation With High-Yield, Low-Warpage Panel-Level Dispensing For Advanced Semiconductors

A fan page of Vice President JD Vance asked Americans on social media whether they would thank Elon Musk after the Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO reportedly lost $113 billion while leading government efficiency efforts. Musk responded Tuesday with a simple &#8220;Worth it&#8221; on X.
What Happened: The fanpage wrote: &#8220;Elon Musk lost 25% of his fortune, approximately $113 billion, while leading efforts to streamline the U.S. government. Are you willing to give Elon Musk a heartfelt &#8216;thank you&#8217;? A. Hell yes B. No.&#8221;
Bloomberg and Forbes data confirm Musk&#8217;s net worth dropped approximately $113-121 billion during his 2025 Department of Government Efficiency (DOGE) role. Tesla&#8217;s stock price suffered as investors questioned Musk&#8217;s divided attention between his companies and government work.
The wealth decline stems from multiple factors beyond Musk&#8217;s political involvement. Market competition and potential Trump administration tariffs have pressured Tesla&#8217;s valuation. Tesla stock represents Musk&#8217;s primary wealth source, making the company&#8217;s performance critical to his net worth.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Worth it <a href="https://t.co/fQk2ULx7jh">https://t.co/fQk2ULx7jh</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1932592159099924509?ref_src=twsrc%5Etfw">June 11, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/markets/tech/25/06/45876224/youtube-contributed-55-billion-to-us-gdp-new-report-reveals-the-creator-economy-is-just-getting-started-says-ceo-neal-mohan">YouTube Contributed $55 Billion To US GDP, New Report Reveals: &#8216;The Creator Economy Is Just Getting Started,&#8217; Says CEO Neal Mohan</a>
Why It Matters: The exchange comes amid escalating tensions between President Donald Trump and Musk. Trump has privately called Musk a &#8220;big-time drug addict&#8221; in <a href="https://www.benzinga.com/news/politics/25/06/45829416/trump-allegedly-calling-people-to-claim-elon-musk-has-serious-drug-problem-big-time-drug-addict">conversations with allies</a>, according to The Washington Post. 
The feud intensified after Musk criticized Trump&#8217;s budget legislation and suggested impeachment, while Trump threatened to cancel federal <a href="https://www.benzinga.com/markets/25/06/45873939/elon-musk-recently-said-yes-to-impeaching-trump-and-the-odds-of-that-happening-in-2025-rose-on-this">contracts with Musk&#8217;s companies</a>.
The dispute has implications for Musk&#8217;s SpaceX and Tesla operations, particularly regarding federal contracts. Trump withdrew NASA administrator nominee Jared Isaacman, Musk&#8217;s preferred candidate, further straining relations between the <a href="https://www.benzinga.com/news/politics/25/06/45829416/trump-allegedly-calling-people-to-claim-elon-musk-has-serious-drug-problem-big-time-drug-addict">billionaire and the administration</a>.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/macro-notification/25/06/45876366/howard-lutnick-says-us-and-china-reached-a-framework-to-implement-geneva-consensus-following-trump-xi-call-csi-300-index-gains">Howard Lutnick Says US And China &#8216;Reached A Framework&#8217; To Implement Geneva Consensus Following Trump-Xi Call — CSI 300 Index Gains</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Joshua Sukoff / Shutterstock.com

Politics

TSLA

Elon Musk Took A $113 Billion Hit Over Trump's DOGE Mission: Calls It 'Worth It'

Ark Invest, led by Cathie Wood, has a bold new forecast for SpaceX, outlining a multitrillion-dollar future built on rockets, robots, and orbital internet.
What Happened: In collaboration with research firm Mach33, Ark unveiled a comprehensive, open-source model on Tuesday, forecasting a $2.5 trillion enterprise value for SpaceX by 2030, or a compounded annual growth rate of 38% since its last known valuation of $350 billion in 2024.
Using a Monte Carlo simulation with over one million iterations, ARK estimates a bear-case valuation of approximately $1.7 trillion, a bull-case scenario of $3.1 trillion, and the base-case at $2.5 trillion, projecting returns of 385.71%, 785.71% and 614.28% over 5 years, respectively.
&#8220;This estimate is our expected enterprise value for SpaceX in 2030,&#8221; the firm stated. The forecast incorporates 17 independent variables and reflects ARK's &#8220;biases and long-term positive view of the company.&#8221;
See Also: <a href="https://www.benzinga.com/markets/tech/25/06/45876683/elon-musk-hails-austin-for-robotaxi-launch-as-waymo-suspends-operations-in-downtown-la-amid-anti-ice-protests">Elon Musk Hails Austin For Robotaxi Launch As Waymo Suspends Operations In Downtown LA Amid Anti-ICE Protests</a>
Central to this thesis is the projected growth of Starlink, SpaceX's satellite broadband business, which ARK believes could generate $300 billion in annual revenue once the constellation is complete, which is expected by 2035, and would account for 15% of total global communications spending.
The analysis also factors in the company&#8217;s Mars ambitions. It believes that once Starlink matures, with steady cash flows, SpaceX can divert resources toward building Martian infrastructure using &#8220;Mars-adapted Optimus Robots (Optimi).&#8221;
It delves heavily into the minutiae of the company&#8217;s operations, accounting for the productivity gains that come from reusable Starship rockets, the economics of Starlink&#8217;s bandwidth, with satellite performance measured in gigabits per kilogram, to arrive at its conclusions.
Wright&#8217;s Law plays a significant role in the firm&#8217;s forecasts, which essentially refers to projecting cost declines as a function of cumulative production.
Ark, nonetheless, covers the risks involved with its thesis, noting that &#8220;space is an inherently challenging domain with significant execution risk,&#8221; while other events such as CEO Elon Musk&#8217;s sudden departure or the failure to scale Optimus, could materially impact outcomes.
Why It Matters: Musk&#8217;s recent feud with President Donald Trump created significant headwinds for SpaceX, given its reliance on government contracts, which Trump <a href="https://www.benzinga.com/news/politics/25/06/45828038/trump-vs-musk-trump-hints-at-canceling-musks-contracts-well-take-a-look-at-everything-hes-got-a-lot-of-money-heres-how-musk-responded">threatened to cancel</a> last week.
However, Musk has <a href="https://www.benzinga.com/news/politics/25/06/45830411/elon-musk-flexes-spacex-advantage-in-feud-with-trump-we-have-got-the-spaceships-and-they-do-not-gets-support-from-this-republican">since hit back</a>, posting on X that &#8220;whatever happens, we have got the spaceships, and they do not,&#8221; a subtle dig aimed at both the President and Bezos.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Whatever happens, we have got the spaceships, and they do not
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1931806069220954360?ref_src=twsrc%5Etfw">June 8, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Early this week, it was reported that NASA and Pentagon officials have been <a href="https://www.benzinga.com/markets/tech/25/06/45831309/why-jeff-bezos-might-emerge-as-the-biggest-winner-in-the-trump-musk-feud">urging Musk&#8217;s competitor</a>, Jeff Bezos, and his Blue Origin to expedite the development of alternative rockets and spacecraft. 
SpaceX is a privately held company, but investors looking for exposure to the stock can do so via private market ETFs such as the Ark Venture Fund (NASDAQMUTFUND: ARKVX), the ERShares Private-Public Crossover ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XOVR#NASDAQ">XOVR</a>) and the Destiny Tech100 Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DXYZ#NYSE">DXYZ</a>) 
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td class="has-text-align-center" data-align="center">Stock / ETF</td>
<td class="has-text-align-center" data-align="center">Year-To-Date Performance</td>
<td class="has-text-align-center" data-align="center">SpaceX Holdings</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Ark Venture Fund (NASDAQMUTFUND: ARKVX)</td>
<td class="has-text-align-center" data-align="center">+3.44%</td>
<td class="has-text-align-center" data-align="center">13.25%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">ERShares Private-Public Crossover ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XOVR#NASDAQ">XOVR</a>)</td>
<td class="has-text-align-center" data-align="center">+1.22%</td>
<td class="has-text-align-center" data-align="center">9.54%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Destiny Tech100 Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DXYZ#NYSE">DXYZ</a>)</td>
<td class="has-text-align-center" data-align="center">-27.92%</td>
<td class="has-text-align-center" data-align="center">52.4%</td>
</tr>
</tbody>
</table>
</figure>
Price Action: Shares of the Ark Venture Fund were up 0.23% on Tuesday, trading at $30.70.
Read More: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/06/45876375/elon-musk-says-tesla-robotaxi-rides-begin-june-22-in-austin-full-self-driving-to-enable-home-delivery-by-june-28-were-being-super-paranoid">Elon Musk Says Tesla Robotaxi Rides Begin June 22 In Austin, Full Self-Driving To Enable Home Delivery By June 28: &#8216;We&#8217;re Being Super Paranoid&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock/JHVEPhoto

SPACE

Startups

DXYZ

XOVR

Cathie Wood's ARK Invest Projects $2.5 Trillion Valuation For Elon Musk's SpaceX By 2030—7x Growth Through Mars, Starlink, Optimus

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) executives Craig Federighi, Senior Vice President of Software Engineering and Greg Joswiak, Senior Vice President of Worldwide Marketing, have addressed <a href="https://www.benzinga.com/media/25/03/44207932/apple-delays-next-gen-siri-its-going-to-take-us-longer-than-we-thought-to-deliver-ai-upgrades">the delay of the promised</a> Siri upgrade, explaining that the company chose reliability over meeting an initial deadline.
What Happened: At <a href="https://www.benzinga.com/news/24/07/39665558/apples-most-awaited-siri-ai-upgrade-will-not-come-until-2025-report">WWDC last year</a>, Apple revealed plans for an upgraded Siri that would have context awareness and the ability to take actions within apps.
However, in March 2025, Apple spokesperson Jacqueline Roy confirmed the delay, stating, &#8220;We&#8217;ve also been working on a more personalized Siri, giving it more awareness of your personal context, as well as the ability to take action for you within and across your apps.&#8221;
Adding, &#8220;It&#8217;s going to take us longer than we thought to deliver on these features, and we anticipate rolling them out in the coming year.&#8221;
See Also:&nbsp;<a href="https://www.benzinga.com/media/25/03/44350512/apples-ai-crisis-reaches-boiling-point-ahead-of-top-100-executive-retreat-tim-cook-and-key-execs-called-out-over-siri-failure-by-top-analyst" target="_blank" rel="noreferrer noopener">Apple's AI Crisis Reaches Boiling Point Ahead Of Top 100 Executive Retreat — Tim Cook And Key Execs Called Out Over Siri Failure By Top Analyst</a>
On Tuesday, in an interview with the Wall Street Journal, Apple's two top executives pushed back on rumors that the revamped Siri showcased at WWDC was just "demoware," stressing that the software was real but didn't meet the company's quality standards in time for a broader release.
Federighi said that the company had developed a two-phase architecture to upgrade Siri, with an initial version already functional ahead of the WWDC showcase. However, He acknowledged that the system didn't meet Apple's reliability standards in time for a full rollout.&nbsp;
&#8220;It didn&#8217;t converge in the way, quality-wise, that we needed it to,&#8221; he stated.
Joswiak, Apple's marketing chief, echoed this sentiment. "There's this narrative out there that it was just demoware—no," he said.&nbsp;
&#8220;We don&#8217;t wanna disappoint customers. We never do. But it would&#8217;ve been more disappointing to ship something that didn&#8217;t hit our quality standard, that had an error rate that we felt was unacceptable,&#8221; he continued, adding, &#8220;So we made what we thought was the best decision. I&#8217;d made it again.&#8221;
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Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It's Important: The <a href="https://www.benzinga.com/tech/25/03/44068020/apples-ai-crisis-falling-behind-in-the-ai-race">delay comes as tech rivals</a> Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) Google and Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) ramp up efforts to advance their AI-powered voice assistants.
Earlier this year, it was reported that Apple <a href="https://www.benzinga.com/media/25/03/44429160/apple-stock-down-over-12-this-year-now-tim-cook-is-reportedly-betting-on-vision-pros-mike-rockwell-to-fix-siri-after-losing-confidence-in-ai-boss-john-giannandrea">decided to shift responsibility</a> for Siri from AI chief John Giannandrea to Mike Rockwell, the executive behind the Vision Pro.
The change came after prolonged delays and missed targets tied to Apple Intelligence. Internally, the situation was described as chaotic, with developers unclear on timelines for major feature rollouts.
These issues are said to have led Tim Cook to question Giannandrea's ability to deliver.
Meanwhile, Goldman Sachs continues to <a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/06/45860365/goldman-sachs-stays-bullish-on-apple-despite-post-wwdc25-stock-dip-sees-25-upside">hold a bullish outlook</a> on Apple despite the stock dipping after its WWDC 2025 keynote on Monday. Notably, Siri received only a <a href="https://www.benzinga.com/markets/tech/25/06/45846510/apple-wwdc-2025-from-live-translation-to-genmoji-visual-ai-and-chatgpt-integration-here-are-the-new-apple-intelligence-features">few mentions this year</a>, significantly down from the 54 times it was referenced during WWDC 2024.
Price Action: Apple shares ended Tuesday at $202.67, up 0.61% during regular trading. In after-hours, the stock saw a further modest gain of 0.11%, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Benzinga's Edge Stock Rankings indicate a downward trend for Apple across short-, medium-, and long-term timeframes. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">More detailed performance data is available here</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11013817/Screenshot-2025-06-11-at-11.04.15%E2%80%AFAM.png" alt="" class="wp-image-945570" /></a></figure>
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
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<li><a href="https://www.benzinga.com/news/legal/25/03/44344993/apple-reportedly-fights-uk-governments-unacceptable-encryption-order-behind-closed-doors-no-press-or-public-allowed" target="_blank" rel="noreferrer noopener">Apple Reportedly Fights UK Government&#8217;s ‘Unacceptable&#8217; Encryption Order Behind Closed Doors — No Press Or Public Allowed</a></li>
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo Courtesy: Prathmesh T on Shutterstock.com

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