Apple Regains Safe-Haven Status as AI Trade Looks Shakier

Another broad selloff that dented high-flying AI trades from Nvidia Corp. to Palantir Technologies Inc. left an old stalwart of the tech sector unscathed: Apple Inc.

The iPhone maker notched a modest gain while the Nasdaq 100 Index fell 1.6%. It was a replay of Tuesday’s session, when Apple eked out an advance and the broader index sank 2.1%. Over the past month, Apple has risen more than 5%, while the tech-heavy index is up less than 0.5%.