EU allegations against Apple are worrisome but not a game-changer for the stock


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Apple shares bounced Monday after last week's three-session losing streak, with investors looking past new allegations from European competition regulators to the expected AI-driven iPhone boom. European Union officials said Apple was in breach of the bloc's Digital Markets Act, claiming the U.S. tech giant's App Store rules prevent developers from "freely steering consumers to alternative channels for offers and content." Monday's development follow Apple's announcement Friday that the company will delay the upcoming artificial intelligence features in its devices for EU users this year due to regulatory uncertainties. "You can't incentivize companies not to do well," Jim Cramer said...