Apple Stock Is Steady as a Rock Amid AI Selloff: How to Play AAPL Stock

The rally in artificial intelligence (AI) stocks has reversed course as markets get wary about tech companies’ spending spree without commensurate growth in earnings. The apathy is reflected in price action, and three of the “Magnificent 7” constituents, namely Amazon (AMZN), Microsoft (MSFT), and Tesla (TSLA), are trading with nearly or well above double-digit year-to-date (YTD) losses. Other constituents have also been quite volatile, and Meta Platforms (META), which surged after reporting an impressiv ...