Apple Stock Becomes an Outlier as Correlation with Nasdaq Falls to 0.21
In recent market activity, Apple stock has attracted strong attention from investors and analysts because its price movements no longer closely track the broader technology benchmark, the Nasdaq 100 Index. Recent data shows that the 40-day correlation between Apple’s share price and the Nasdaq 100 has plunged to 0.21, the lowest level in nearly 20 years. This shift highlights a major divergence between Apple and most other tech giants, especially amid the ongoing influence of artificial intelligence developments on the stock market.
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