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The Economic Times

Markets / The Economic Times

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US Stocks: Apple decouples from Nasdaq as AI whack-a-mole grips market

Apple Inc. has sharply decoupled from the Nasdaq 100 Index, with correlation hitting a 20-year low as it largely avoids the AI spending race. Strong iPhone sales and steady outlook offer investors relative stability, despite valuation concerns and slowing growth expectations.

18 Feb 2026 6:14 pm