Apple Inc (NASDAQ:AAPL) stock gained almost 3% on Wednesday as buyers lean into large-cap strength despite a softer tape in Technology. The Nasdaq is up 0.13% while the S&P 500 has gained 0.53%, even as the Technology sector is down 0.6%.
The Big Tech giant is balancing regulatory changes in Europe, shifting investor enthusiasm around artificial intelligence and rising hardware costs as investors weigh near-term pressures against the company’s potential to build a stronger personalized AI business.
Apple Overhauls EU App Store Terms
Apple agreed to change its European App Store policies to address its dispute with EU regulators. Starting Oct. 1, the company will replace its Core Technology Fee with a 5% commission on digital transactions made outside the App Store, lower its standard European in-app purchase commission to 26% and allow developers to offer alternative payment options.
AI Rotation Pressures Apple Shares
