Apple stock has fallen for continuous 8 sessions for the first time since 1991, Here’s Why?

Apple’s stock has been falling for several days in a row, nearing its longest losing streak since 1991. The share price has dropped for eight straight sessions, which is quite rare for a company as large and stable as Apple.

The main reason behind this fall is investor concern over Apple’s artificial intelligence (AI) strategy. Many feel that Apple is moving too slowly compared to rivals like Microsoft and Google, who are already adding powerful AI features to their products. This has shaken investor confidence.

Adding to the pressure, the prices of key components like memory chips have gone up. This is because AI data centres are demanding more chips, and supply is tight. As a result, Apple’s production costs for iPhones and iPads are rising, which could hurt profit margins.

iPhones are still Apple’s biggest source of income. But in some regions, especially China, demand is weakening. Globally, people are also upgrading their smartphones less often, which affects Apple’s sales growth.

This situation is part of a bigger trend in the tech world. Big tech stocks, often called the “Magnificent 7,” are no longer rising steadily. Markets are now rethinking how fast these companies can grow and whether their high valuations are justified.