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Tim Cook Steps Down: Can Apple Reclaim Its AI Edge Under New Leadership?

Apple fell 2.52% to $266 as markets digested the announcement of Tim Cook's departure, with hardware chief John Ternus named the new CEO — a figure media describes as needing to combine Jobs-style innovation with Cook-style operational discipline. Can Ternus rebuild Apple's market authority with a landmark AI product?How Ternus reallocates capital and positions Apple's AI bets will be the most critical new variable heading into next quarter's earnings.With the dual headwinds of a Chinese IP ruling and tariffs, how long will Apple's valuation recovery take?

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