Apple Hits Record High as Chip Index Enters Bear Market

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โดย The Motley Fool·Read original
Summary · why it matters

The PHLX Semiconductor Index closed in a bear market on Friday, finishing more than 20% below its June peak, while Apple touched a record intraday high of $334.98 and briefly reclaimed the title of world's most valuable company at about $4.9 trillion. Global chip stocks have erased roughly $3.3 trillion in market value since June 22 as investors reassess the costs and beneficiaries of the AI build-out, with memory chipmakers leading the declines. Apple spent just $12.7 billion on capital expenditures in fiscal 2025, a fraction of what rivals like Microsoft and Amazon have committed to AI infrastructure, leaving its profits far less dependent on the AI spending boom. The company's fiscal second-quarter revenue rose 17% year over year to $111.2 billion, with earnings per share up 22% and iPhone revenue setting a March-quarter record. At about $332 per share, Apple trades at roughly 40 times earnings, a premium that reflects investors paying for safety amid the chip sell-off.

Impact on stocks 4

Artificial Intelligence± Mixed · 4 stocks
Apple Inc.
AAPL
▲ PositiveCapitalrelevance

Apple hit a record high, briefly became world's most valuable company, and reported strong earnings with revenue up 17% and EPS up 22%.

NVIDIA Corporation
NVDA
▼ NegativeDemandrelevance

Chip index entered bear market, erasing $3.3 trillion in value, as investors reassess AI build-out costs and beneficiaries; NVIDIA is a key chip stock.

Amazon.com Inc
AMZN
▼ NegativeCapitalrelevance

Amazon is mentioned as a rival with high AI capex, contrasting with Apple's low capex, implying market concern over spending.

Microsoft Corporation
MSFT
▼ NegativeCapitalrelevance

Microsoft is mentioned as a rival with high AI capex, contrasting with Apple's low capex, implying market concern over spending.

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