Apple stock rebounds into a buy range despite market pressure, nearing its all-time high amid AI-driven momentum.
Apple (AAPL) has re-entered a buy zone after retreating from a record high earlier this month, positioning itself for a potential all-time high. The stock slipped below its 21-day exponential moving average as broader market turbulence tested the Nasdaq composite’s upward trend.
The move follows Apple’s inclusion in the Investor’s Business Daily Breakout Stocks Index, driven by artificial intelligence tailwinds. The stock had previously hit a record high before pulling back, aligning with recent market volatility.
Separately, Google-parent Alphabet (GOOGL) will join the Dow Jones Industrial Average on June 23, replacing Verizon, marking the fifth Magnificent Seven stock in the index.