Aditya Soni and Rashika SinghAug 1, 2026 – 2.28amApple shares fell nearly 10 per cent on Friday (Saturday AEST) after a disappointing forecast showed that the iPhone maker was struggling to secure enough components as the AI-driven data centre boom strains global supply chains.The drop, if sustained, would mark the stock’s worst day since the pandemic-driven sell-off in March 2020. It would erase nearly $US500 billion ($711 billion) from Apple’s market capitalisation and return the crown of the world’s most valuable company to AI chip giant Nvidia.ReutersSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Apple set to lose nearly $711b in value after weak forecast
The drop would mark the stock’s worst day since the pandemic-driven sell-off in March 2020, just days after it touched the $US5 trillion mark on Wall Street.
TL;DRAI
Apple fell 10% ($711B) on component shortage amid AI data centre demand surge—worst day since March 2020. Shortage signals AI capex outpacing chip supply; forces enterprises to compete for allocation, impacting infrastructure budgets and vendor strategy.
108 words~1 min read
