Bucking Market Weakness: Apple Surges Ahead of Big Product Launch

Apple bucked the trend on a weak market day, rising nearly 3% to around $325. The tech giant's stock stood out among megacap peers, despite some mixed signals in its fundamentals and valuation.

The options market showed a bullish signal, with $8.53 million flowing into Jan. 2027 $355 Calls, betting that Apple can continue climbing over the coming months and break above its all-time high.

Apple's current price is around $324.46, down about 5.8% from its 52-week high of $344.27. The company is set to unveil new products, including a foldable iPhone and Apple Watch Series 12, at an event in Cupertino next week.