Apple (AAPL) has lost more than $300 billion in market cap so far in 2024. It's one of the three Magnificent Seven laggards, a list that also includes Alphabet (GOOGL, GOOG) and Tesla (TSLA). The company hasn't been able to capitalize on AI the way other group members have and there are growing concerns about iPhone sales in China. Yahoo Finance's Jared Blikre takes a closer look at Apple's charts to see what may lie ahead for the stock. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Stephanie Mikulich.
Apple (AAPL) has lost more than $300 billion in market cap so far in 2024. It's one of the three Magnificent Seven laggards, a list that also includes Alphabet (GOOGL, GOOG) and Tesla (TSLA). The company hasn't been able to capitalize on AI the way other group members have and there are growing concerns about iPhone sales in China.
Yahoo Finance's Jared Blikre takes a closer look at Apple's charts to see what may lie ahead for the stock.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Stephanie Mikulich.
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