CNBC's 'Mad Money' host and veteran market commentator Jim Cramer is not impressed with Apple Inc. (Nasdaq: AAPL) repurchasing its stocks of late. With a market cap of $3 trillion, Apple is the third-largest company in the world that is well-known for its flagship tech products such as iPhones, iPads, MacBooks, etc.

Apple execs didn't have a super satisfying answer about what went wrong with AI Siri, but they also don't really need one.

Apple shares turned lower as the iPhone maker kicked off its Worldwide Developers Conference Monday. Read more on the event and what's at stake for Apple:

In addition to inflation and US-China trade, a key bond auction is on investors' radar. A $22 billion sale of 30-year bonds is scheduled for Thursday.

Apple is seen as behind the pack in AI, and the company had a chance to change that perception with its WWDC keynote on Monday. But shares fell, suggesting investors weren't too impressed with what the company previewed.

Apple is still around a $3 trillion market cap despite its poor start this year. But with a lower valuation, it's trading at 31 times its trailing earnings, which is now only slightly above its five-year average.

The tech giant showcased "Liquid Glass" for iPads, Mac, and more products at its WWDC developer conference.

Apple’s big developer summit is a Silicon Valley institution. The company has been hosting it every year since 1983, and in more recent years the events have become a fixture of the tech hype machine — a chance for Apple to show off its latest software to investors and the folks who build apps for those products.

The stock is currently 21% below its peak. So, it has some work to do to get back to its former glory. Legendary investor Warren Buffett and his conglomerate, Berkshire Hathaway, have sold a sizable chunk of their shares in the past several quarters.

Apple announced new artificial intelligence features at the Worldwide Developers Conference keynote June 9. The company launched testing versions of live translation, visual search and a workout assistant. Apple Intelligence will also be a part of the Reminder, Messages and Apple Wallet apps.

Apple's WWDC 2025 reveals limited AI innovation, exposing growth risks amid competition, regulatory challenges, and a vulnerable valuation.