Apple continues to prove itself as the ultimate market safe haven.
Even as broader tech names and momentum plays have faltered, Apple has hit new all-time highs. Investors view the Cupertino titan as uniquely “above the fray,” remaining largely insulated from the eye-watering AI capital expenditure cycles of the mega-cap hyperscalers while avoiding the supply chain exposure of pure-play chipmakers. It has also, so far, avoided some of the pain that some in the AI mosh pit have suffered recently.
Apple, YTD
Heading into this quarter’s earnings report Thursday after the bell, options pricing reflects this calm. The options market implies a modest post-earnings move of just 3.8%, making volatility premiums…
