Apple rally fueled by AI promises approaches crucial test
Briefly

Apple's recent stock price surge, following the anticipated release of AI features in the upcoming iPhone, is a cause for caution due to past trends.
Historically, Apple shares have dropped on 12 of the 17 iPhone launch days, indicating potential vulnerability in the stock's performance post-launch.
September typically sees Apple shares fall, averaging a 3.2% decrease, aligning with broader market trends affecting indices like the SP 500.
Investors must remain cautious, as the stock's current valuation is high, reflecting a tentative optimism about the success of Apple's AI strategy.
Read at www.mercurynews.com
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