Apple Stock Looked Like It Was Rolling. Now It's on the Back Foot Again

Core Insights - Apple stock has faced significant pressure recently, erasing its year-to-date gains due to a combination of regulatory scrutiny and delays in AI feature releases [1][1][1] Company Performance - Apple shares initially gained momentum in January following an AI partnership announcement with Alphabet and record holiday-quarter revenue [1][1] - However, the stock dropped 5% after the Federal Trade Commission issued a warning regarding the Apple News service and reports indicated delays in AI-powered Siri features [1][1][1] - Following the earnings report that showed strong iPhone and services revenue, Apple shares rose nearly 8% but subsequently fell, erasing most of those gains [1][1] Industry Context - The tech sector, including Apple and its peers, has been under pressure due to concerns about AI spending and high valuations, impacting broader market performance [1][1] - The Roundhill Magnificent Seven ETF, which includes major tech companies, has underperformed the S&P 500 in 2026, reflecting the challenges faced by the sector [1][1] - Concerns about overspending on AI infrastructure have also affected stocks of other major tech companies like Alphabet, Microsoft, Amazon, and Meta [1][1]