Apple’s softer Q3 outlook sparks valuation concerns, prompting GF Securities to downgrade the stock as shares fall sharply.
Apple shares fell nearly 8% in premarket trading Friday after the company issued weaker-than-expected guidance for the current quarter. Investors reacted to concerns over valuation and growth prospects, particularly in memory-related segments.
The downgrade by GF Securities marked a rare move for the tech giant, which had previously enjoyed strong market sentiment. Analysts cited valuation compression as a key factor, though Apple’s core business performance remained stable.
Premarket losses extended to broader tech indices, reflecting investor caution amid macroeconomic uncertainties and sector-specific headwinds.