Apple Stocks Plummet Amid AI Chip Crisis and Weaker Financial Outlook

Apple's dominance as the world's most valuable company is facing significant pressure due to concerns over supply chain challenges and weaker financial forecasts.

The tech giant's shares plummeted by around 10% on Friday, potentially reducing its market value by nearly $500 billion.

This decline comes amidst reports of an AI chip crisis affecting Apple's supply chain, casting uncertainty over the company's future growth prospects.

Analysts have noted slower-than-expected growth in Apple's services business and increased pressure on the supply chain as contributing factors to investor concerns.