Apple Inc.

(NASDAQ:AAPL) stock rose more than 4% on Thursday, outperforming a sharply weaker technology sector.

The Nasdaq fell 1.63%, while the S&P 500 slipped 0.27%.

Technology was the day's weakest-performing sector, down 2.6%.

Apple drew a bullish view from Bank of America Securities analyst Wamsi Mohan, who maintained a Buy rating and a $380 price forecast while pointing to services growth, capital returns, and future AI opportunities.