AAPL is trading up at $294.85 (+0.74%), outperforming the NASDAQ Composite and nearing its 52-week high of $294.90. The stock remains resilient despite broader market pressure from 3.8% inflation and oil prices hitting $105/bbl.
- Tim Cook is set to join a diplomatic trip to China, while supply chain risks emerge from potential Samsung strikes and a recent HSBC downgrade of Intel.
- The stock is currently trading above its previous close of $292.68, though trading volume remains below average amid ongoing geopolitical tensions.