Apple spearheaded a renewed sell-off in technology stocks Thursday, plunging 5% and erasing roughly $200 billion in market value—its steepest single-day decline in months. The slide intensified as sector sentiment soured following Cisco’s warning that escalating memory chip costs were squeezing profitability, fueling broader investor concerns over profit margins tied to AI-related spending.
Faizan Farooque for GuruFocus:
Concerns about AI taking employment away from people made the market even more unstable. Microsoft’s AI director said that a lot of white-collar jobs may be automated, which made the discussion over the economic effects of fast AI adoption even more heated.
The Nasdaq dropped more than 2%, but defensive assets went up. U.S. Treasuries drew in safe-haven flows, while gold and silver prices went up after going down recently.
The markets are now paying attention to the next U.S. consumer price index data. If the inflation data is weaker, it might raise hopes for a rate drop in June. If it is greater, it could push rates higher and keep growth stocks under pressure.
MacDailyNews Take: “We expect gross margin to be between 48-49%.” – Apple CEO Kevan Parekh, January 29, 2026. Buying opportunity.
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Time for Ym Cook to be replaced with a better CEO with vision.
I believe analysts are only guessing why Apple stock is falling. Saying things like a Siri delay or margin compression. I believe the big players are only trying to clear out the weak hands. I’m a 20-year+ shareholder, and Apple will continue to have strong sales with or without Siri. If Siri isn’t working properly, then Apple should take time to fix it.
Why should a Siri delay hurt Apple more than hyperscaler companies spending tens of billions and seeing little in return? Apple was basically the only tech stock that didn’t recover previous day losses. That doesn’t make any sense.
Merry Christmas!
Today’s closing is what this stock was December 24th, 2024!
That is to say, if you had been holding AAPL, you have made exactly zero dollars over the past 14 months or so … $0.
Tim Apple cannot get his act together, has innovated nothing, is a Steve Jobs iterator hanger-on, blew the whole AI era, and earned shareholders $0 over the past 14 months.
But we got lots of compassion for illegal aliens from him who have broken the law coming here, are still breaking the law being here, for thousands who commit heinous crimes here, for the leeching off of our welfare system meant for US citizens, and who now gaming the systems all over to day care in Minnesota to having anchor babies to launder their illegal behavior. Trying to get rid of these liars, criminals, lawbreakers gives us Ted Apple whining, instead of giving us greats products for the rest of us.
GET RID OF THIS IDIOT!
The bitter/sweet of AAPL not driving their own AI LLM will be of great benefit.
The main drivers are confronting a MASSIVE wall of debt…which they may elude, but AAPL is able to monetize their own secondary AI-path…assuming the idiot named Siri can once in her life, find true usefulness.