$Apple(AAPL)$Follows the FAANG Struggles

Apple stock is still struggling, as it is now no longer the most valuable firm on the planet

In Thursday's trading, Apple stock was down more than 2%. Apple's stock has dropped more than 20% since January, similar to the troubles of several of the larger tech businesses. Apple was once the world's most valuable firm, but that is no longer the case.

Apple is one of the last tech companies to show its struggles to adapt to the current economic environment. All five of the FAANG stocks have seen significant declines in the past month or so. 

Although Apple is the most valued firm in the United States, its challenges are worth mentioning. This might indicate that the market downturn is ending, but with more interest rate rises on the way and strong inflation rates, this is unlikely.