Apple Inc. shares have experienced a notable rally, marking their best weekly performance since July 2020. Over the past week, Apple stock surged approximately 13%, adding more than $400 billion to its market capitalization. This rally represents one of the strongest two-day and three-day periods of outperformance relative to the S&P 500 and Nasdaq indices in the last five years, with Apple outperforming the Nasdaq by 10% during this period. The recent gains have been described as the best three-day relative return since 2008 and the largest weekly increase in nearly five years. Market analysts highlight that this strong performance could signal renewed investor confidence in Apple, with discussions ongoing about the company's strategic direction, including its potential to leverage artificial intelligence to avoid a decline reminiscent of past technology shifts. The stock's upward momentum has been sustained despite market volatility, supported by significant put option sales indicating investor optimism.
.@brownreport urges investors not to count $AAPL out, expecting A.I. to boost the stock. He also sees $AMZN and $TSLA rebounding. Jason shares options trades, and @KGBULLANDBEAR discusses Mag 7 trends. https://t.co/0kY0Bdnsww
Great to be on @BloombergRadio with @tomkeene and @ptsweeney discussing how Apple can get out of this “BlackBerry Moment” with AI and what the Street wants to see next from Cook and Cupertino 🏆🍿🍎📱⌛️👇 @business https://t.co/pjNliqCOoj
$AAPL already bouncing back strong 4 pts off lows, all dips will be bought folks when you see put sales like last week https://t.co/6bKvtiniRk