Analysis
Apple's stock is demonstrating remarkable stability, presenting an appealing alternative to the turbulent market fueled by excitement around 生成AI. This shift indicates a potential divergence from the Nasdaq 100, suggesting that investors are seeking diversification and stability amidst the evolving AI landscape.
Key Takeaways
- •Apple's stock is showing strong relative stability.
- •The correlation between Apple and the Nasdaq 100 has decreased substantially.
- •This trend suggests investors are seeking refuge from AI-related market volatility.
Reference / Citation
View Original"Apple's 40-day correlation to the Nasdaq 100 fell to 0.21 last week, the lowest since 2006, making it an appealing alternative to the AI-fueled volatility"