WS #16753
Apple is facing a significant negative sentiment shift as its stock drops 3.8%, weighed down by reports of margin pressures and a Goldman Sachs price target reduction from $390 to $380. While Apple executives indicated rising memory costs, Micron shares rose on the news, highlighting the supply chain cost inflation Apple must absorb. This development counters the prevailing bullish tech narrative, isolating AAPL as a vulnerable point in the Magnificent 7.
Apple Margin Pressure
Apple is facing a significant negative sentiment shift as its stock drops 3.8%, weighed down by reports of margin pressures and a Goldman Sachs price target reduction from $390 to $380. While Apple executives indicated rising memory costs, Micron shares rose on the news, highlighting the supply chain cost inflation Apple must absorb. This development counters the prevailing bullish tech narrative, isolating AAPL as a vulnerable point in the Magnificent 7.