Why Apple No Longer Trades Like a Tech Firm

Why Apple No Longer Trades Like a Tech Firm

Nearly 20 years after the debut of its famous “Think Different” ad campaign, Apple continues to live up to the slogan. Increasingly, investors are noticing. The Cupertino, California-based company’s 40-day correlation to the Nasdaq 100 fell to just 0.21 last week (a correlation of 1 equates to perfect alignment), according to recent Bloomberg data, marking the starkest difference between the iPhone-maker and the tech-heavy index since 2006. It’s…

Apple stock is Big Tech's 'safe haven'

Apple’s shares outperformed every other Magnificent Seven stock on Tuesday, underscoring investors’ growing preference for the company amid a shift away from tech firms pouring massive funds into artificial intelligence. Investor enthusiasm for Big Tech’s huge AI spending announcements has cooled considerably. Wall Street is now prioritizing actual returns as these expenditures continue to climb. Meanwhile, software stocks are under heavy pressu…