Apple holds up as AI spending weighs on Big Tech, with iPhone and services growth providing support
Photo: TokenPost
Apple held up amid weakness in major technology stocks as it stayed outside the AI capital spending race. While major cloud companies increased capital expenditure roughly sixfold to ninefold since 2023, Apple reduced its spending. In its “Charts of the Week: Apple Skips Capex, and the Crowd Goes Wild (Sort Of)” report published on November 6, 2026, Andreessen Horowitz said Apple was the only Magnificent Seven company to outperform the Nasdaq this year as of earlier that week.
Source: TokenPost
