Apple shares dipped 0.11% to $274.31 during mid-morning trading, underperforming the broader market as investors engaged in profit-taking following a strong post-earnings rally.
- The stock has climbed approximately 8% since reporting record Q1 revenue of $143.8 billion and EPS of $2.84, driven by all-time highs in iPhone and Services.
- Investor sentiment remains bolstered by Apple's AI strategy, notably its partnership with Google's Gemini to leverage existing infrastructure rather than incurring massive capital expenditures.
- Despite today's minor decline, the stock maintains significant momentum following a 1.26% gain in the Nasdaq earlier in the week.