July 31 : Apple shares fell nearly 10 per cent on Friday after a disappointing forecast showed that the iPhone maker was struggling to secure enough components as the AI-driven data center boom strains global supply chains.The drop, if sustained, would mark the stock's worst day since the pandemic-driven sell

Share price rally driven by strong product demand as well as decision to sit out AI spending race, amid wider tech sell-off

The iPhone maker reclaimed its position as the world’s most valuable public company as strong hardware and services revenue, combined with limited spending on AI infrastructure,…

Shares of the company were down more than 4% in extended trading on Wednesday, while Apple shares were flat.