I don't think Apple dropping to $165 is very likely. The antitrust investigation by the U.S. Congress might cause some short-term turbulence, but I reckon they'll probably settle in the end. These antitrust inquiries aren't anything new for big tech companies, and the outcomes usually just involve someone losing or paying a fine.
Apple is currently the most valuable company globally, and many investment firms and pension funds hold its stocks. Are they really going to let this investigation significantly impact Apple, or is it just a scare tactic? It's hard to say for sure right now.
Also, the recent divergence between the semiconductor industry and Apple's stock performance is notable. Companies like Nvidia with their profitability have attracted some investors away from Apple, leading to its stock price decline. Apple's decision to abandon its car project and focus more on artificial intelligence may have contributed to investor uncertainty. However, Cook mentioned they're planning to launch AI products later this year, which could positively impact Apple's stock price.
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- pjekn·03-22I hear youLikeReport