Apple store in Barcelona, Spain on Aug. 10, 2026.
Beata Zawrzel | Nurphoto | Getty Images
Amid questions about the durability of the artificial intelligence complex and fears of a global rate sell-off, Apple is suddenly investors’ safety trade of choice.
Shares rose 2.6% Tuesday amid a broader tech rout, continuing its outperformance of the broader market.
In fact, Apple stock hasn’t been this inversely correlated to its tech peers since 2005, according to a CNBC analysis using ThinkOrSwim data. The 30-day correlation between the second-largest company in the world and the Nasdaq-100 Index of which it commands a 7.5% weighting reached a low of negative 0.86 on Thursday and is currently at -0.82. In the past month, shares of the iPhone…







