Dubbed the Magnificent Seven stocks, Apple, Microsoft, Google parent Alphabet, Amazon, Nvidia, Meta Platforms and Tesla lived up to their name in 2023 with big gains. But the middle part of the second quarter of 2024 showed a big divergence of returns.
With Nvidia hot on its heels, Apple stock looks to break out and hold its market-cap lead over its AI rival.
Apple iPhone unit sales are soft and underperforming the total smartphone market in the key regions of China and the U.S.