Jefferies Downgrade Puts Pressure on Apple Stock

Apple's stock price took a hit on Monday after Jefferies downgraded the tech giant, adding pressure to one of Wall Street's most closely watched names.

The downgrade raised questions about iPhone demand, valuation, and whether artificial intelligence features will be enough to drive a new upgrade cycle for Apple.

Apple has rallied at times this year, but investors remain divided over how quickly new software tools will translate into revenue growth.

As one of the major weights in the S&P 500 and Nasdaq, even a modest decline in Apple's stock can influence broader market direction.