Apple's Foldable Future: Will AAPL Keep Leading the Pack?

Apple Inc. (AAPL) has been one of the standout stocks in mega-cap tech, outperforming both the SPDR S&P 500 ETF (SPY) and the Roundhill Magnificent Seven ETF (MAGS). According to a chart from MoneyShow, AAPL's year-to-date return is 16.6%, which tops the 12.3% rise in SPY and almost triples the 5.7% gain for MAGS.

This week marks a pivotal moment for Apple as CEO John Ternus takes over from Tim Cook, leading the company's annual product showcase event for the first time. Wall Street expects to see the introduction of the first foldable iPhone, which could come with a price tag of over $2,000, as well as a new iPhone 18 Pro model and upgraded Apple Watch offerings.

Traders are left wondering whether AAPL stock will continue to lead the way in tech or if it's time to pivot to other names in the group. The market reaction to today's event could provide valuable insights for traders.