Apple CEO Tim Cook didn't dismiss the possibility of a big AI acquisition down the line, but he certainly didn't say one was coming either. The tech giant has acquired seven smaller companies so far this year,

Apple's stock has been slumping, down more than 16% so far this year. Among "Magnificent Seven" components, only Tesla's stock has done worse. Can earnings help change the tune? One issue is that investors may not get a lot of answers to their burning questions on the call.

Apple (AAPL) is scheduled to report quarterly earnings after the closing bell today, with traders anticipating a sizable move from the iPhone maker's stock. Current options pricing suggests traders are expecting the shares could move 4% in either direction by the end of Friday’s trading session from their recent level at $209.