Apple (AAPL) stock hit a record $354.50 on November 4, then slipped about 1.5% Thursday while the Nasdaq fell 5.52%.
Shares closed at $349.51 Wednesday, up 5.31%, as investors rotated from AI hardware into Apple’s lighter AI spending. Thursday tested that safe-haven trade.
Apple $AAPL soared more than 5% today, its best day in 1.5 years 📈 📈 pic.twitter.com/qpTdApcmQk
— Barchart (@Barchart) November 5, 2026
Why Did Apple Stock Rally Before the Crash?
The move came after Democrats won control of both chambers of Congress in the midterm elections. Investors read the result as gridlock, sending the Dow up more than 3%.
Meanwhile, capital rotated out of AI hardware names on fears of new data center limits. Nvidia fell about 3% that day,…
