It's looking like a good day for artificial-intelligence stocks, which often means Apple—something of an anti-AI play—gets left behind. But there's more to it.
Apple (NASDAQ: AAPL) stock fell nearly 2% in pre-market trading on Friday, October 9, following a report that the company reduced production of components for its newly launched iPhone 18 models.
Apple has told some of its suppliers to cut production of components for its newly launched iPhone 18 Pro and iPhone 18 Pro Max, Nikkei Asia reported on Friday.
Apple (AAPL) concluded the recent trading session at $340.43, signifying a +1.12% move from its prior day's close.
AAPL shares have surged 24% YTD, fueled by iPhone demand, Services growth and AI prospects. Yet premium valuation and supply constraints warrant caution.
Apple sits on 2.5 billion active devices and a Services engine already running near $120 billion annually, yet one margin warning and a below-consensus analyst target raise a serious question about whether the premium is earned.
Goldman Sachs' Technology Opportunities ETF (GTOP) has emerged as one of the firm's strongest-performing funds this year, benefiting from investors' continued appetite for technology and artificial intelligence (AI) exposure. The actively managed fund has gained roughly 33.
The market sees a phone company that missed the AI revolution, but one investor keeps buying shares and believes Wall Street has the story exactly backwards.
Apple's new CEO just unloaded a significant block of shares days after taking the top job, but the real story is buried in the Form 4 filing and what it reveals about executive pay, trading plans, and whether the stock
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