Apple shares are up 26% this year, making it the best performer among the 'Magnificent Seven' tech stocks as investors who worried about AI-dependent companies returned to it. The article notes Apple was slow to add AI features but credits its brand strength and strong earnings record. John Ternus became CEO on September 1, succeeding Tim Cook, who led the company for 15 years; Ternus previously was senior vice president of hardware engineering. Analysts expect an Oct. 28 product event featuring new Macs, possibly including Apple's first touchscreen laptop. Although Apple trades at 35x forward earnings versus 23x to 31x for most of the Magnificent Seven, the author predicts the stock will soar after Oct. 28.
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AAPLAppleartificial intelligencevaluation
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Related tickers and likely impact
AAPL
▲ Likely positiveApple Inc.
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Technology Hardware, Storage & Peripherals |
| Market cap | $5.0T |
| Close on 10/20/2026 | 339.73 |
| Change that session | -0.94% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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