Apple’s Worst Week Since 2022 Spurs Wall Street to Defend Stock
A delay with the company’s artificial intelligence-infused Siri digital assistant, gave further credence to the view that the company is struggling in the AI era.
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The recent selloff in Apple Inc. shares is an opportunity for investors as the tech giant is still seen by some analysts as a safe haven in periods of market volatility.
Shares fell nearly 11% last week, the stock’s biggest one-week slump since November 2022. Apple’s more than 14% drop this year exceeds the nearly 6% decline of the Nasdaq 100 Index. The stock was down about 1% Monday.