Apple Inc.’s stock has had a rough start to the year and is now flirting with a key level that could signal more downside ahead if breached.
The stock has slumped 11% in 2025 through Thursday’s close, making it by far the worst performer in the Magnificent Seven group. It has also significantly underperformed the S&P 500, which has gained about 4% to touch a fresh record high to start the year. Apple’s performance is the worst start of the year for the iPhone maker since 2008, according to data compiled by Bloomberg.
Dan Ives, global head of technology research at Wedbush Securities, explains why he’s optimistic about Apple’s upcoming earnings report and why he views Palantir as "the next Oracle or Salesforce." Dan speaks with Tom Keene and Paul Sweeney on Bloomberg Radio.
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Author: Bloomberg Television
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News post in January 25, 2025, 12:05 am.
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