From Nasdaq: 2024-05-09 04:45:00

Despite sluggish growth and weak guidance, Apple (AAPL) stock surged 6% on Friday. The positive response could be due to underperformance relative to the S&P 500 and tech sector, making it appear a decent value. Apple reported record services revenue and EPS, with declining product sales in Asia. Buybacks and AI could spark growth potential. Apple’s stock seems like a balanced buy for patient investors.



Read more at Nasdaq: The Surprising Reason Why Apple’s Slowing Growth Isn’t as Bad as It Seems