Apple (AAPL) remains stable at around $270 per share amidst AI valuation concerns affecting other Magnificent Seven stocks. Strong early demand for iPhone 17 sets Apple up for a successful holiday season. Apple’s measured AI strategy and lack of hype could shield it from correction compared to high-beta AI stocks like Nvidia and Palantir. Despite skepticism over AI spend, Apple’s resilience suggests it may lead the AI trade due to its conservative approach and strong services business. Apple’s patient approach to AI may pay off in the long run, positioning the company well for future AI monetization.

Read more at Yahoo Finance: Why Apple Stock Might Be Spared If an AI Bubble Bursts