Apple’s huge jump puts stock on brink of cracking key level

Apple’s stock surged up to 8.2% over two trading days following President Donald Trump’s announcement that the company will invest an additional $100 billion in U.S. manufacturing to avoid severe tariffs. This two-day rally has positioned Apple to potentially break above a critical technical threshold, signaling progress in overcoming investor skepticism about its artificial intelligence goals and tariff challenges.
Ryan Vlastelica for Bloomberg News:
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The move has the stock about 1% from breaking above its 200-day moving average, a level that it has closed below for 103 straight sessions, the longest such streak since 2016.
“The longer a stock is below its 200-day, the more significant the level becomes, and the more difficult it will be for Apple to break back above it and rebound, since the level starts to serve as resistance,” said Andre Bakhos, president of Ingenium Analytics.
Apple’s $100 billion spending commitment could go a long way to repairing its fraught relations with Trump, whose tariffs on countries that are home to Apple’s production partners cost the Cupertino, California-based company $800 million in its fiscal third quarter. But the company’s problems run deeper than that, according to Jim Awad, senior managing director at Clearstead Advisors.
“What Apple needs in order to really break out is confidence from the investment community that it will play ball in the AI space,” Awad said. “The future of the company is dependent on it, and it could lose ground unless it becomes more aggressive.”

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MacDailyNews Take: Conveniently, as we just wrote: “The next major ratchets up for Apple will be when a U.S.-China trade deal is reached and, then, when greatly improved Siri – AI-powered – is released to the public.”

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