Apple Surges Amid US Market Decline as New CEO Takes Helm
US stock indices declined on September 1, 2026, with the Dow Jones falling 0.79%, the S&P 500 dropping 0.71%, and the Nasdaq declining 1.03%. Apple Inc., however, stood out in the tech sector after John Ternus took over as CEO from Tim Cook.
As a result of this leadership change, Apple's stock price rose by 2.6% to $325.13, adding over $120 billion to its market value. GuruFocus calculates that Apple is modestly overvalued at the current price, with a GF Value of $284.29 indicating a 14.4% overvaluation.
Apple's strong overall performance is reflected in its GF Score of 96/100, which evaluates financial strength, profitability, growth potential, valuation, and momentum. However, the company's financial strength rating is lower at 5/10, suggesting areas for improvement.