Some Investors See Apple as a Hedge as AI Stocks Turn Volatile
Photo: TokenPost
Some investors see Apple as a way to maintain technology exposure while relying less on the AI infrastructure trade during market volatility. The recent divergence from chip stocks has drawn attention to Apple as a possible counterweight, though the trading pattern has reversed before. Apple gained 2% in the week ended Oct. 16. Over the same period, the Philadelphia Semiconductor Index fell more than 11%, while a Magnificent Seven stock index declined 3.1%. Apple’s 40-day correlation with the Philadelphia Semiconductor Index has been negative since early July, reaching its most extreme level in data going back to 1994.
Source: TokenPost
