Apple Stock Jumps on Artificial Intelligence (AI) Driving iPhone Sales. Here's Why It's Not Getting Crushed by the DeepSeek Launch.
As Nvidia stock went down, Apple stock went up.
The news of DeepSeek's launch last week spread rapidly in the markets, wiping out 16% of Nvidia's value while affecting many other artificial intelligence (AI) stocks.
However, several stocks notably withstood the DeepSeek avalanche, including Apple (NASDAQ: AAPL). Not only that, but it also ended the week with a well-received earnings report, and the world's most valuable company is sitting at an excellent vantage point to benefit from progress in AI.
As a large and complex company, there are always many moving parts in Apple's business. The good outweighed the bad in the earnings report, at least from the market's perspective. Here's why the company is standing strong in an AI meltdown, and how it's poised to benefit from DeepSeek's new and low-cost AI.
