Apple Decouples From Tech Peers' AI Volatility

Apple Inc. has materially decoupled from major tech peers, as its 40-day correlation to the Nasdaq-100 fell to 0.21 last week—the lowest since 2006—Bloomberg data show. The iPhone-maker’s limited exposure to current AI capex trends, record iPhone sales, and a better-than-expected outlook, plus an upcoming product event, have left it insulated from recent AI-driven market swings.