Why did Apple Stock Hit an All-Time High Amid US Stock Market Crash?

Apple (AAPL) stock hit a record $354.50 on November 4, then slipped about 1.5% Thursday while the Nasdaq fell 5.52%. Shares closed at $349.51 Wednesday, up 5.31%, as investors rotated from AI hardware into Apple’s lighter AI spending. Thursday tested that safe-haven trade. Why Did Apple Stock Rally Before the Crash? The move came after Democrats won control of both chambers of Congress in the midterm elections . Investors read the result as gridlock, sending the Dow up more than 3%. Meanwhile, capital rotated out of AI hardware names on fears of new data center limits. Nvidia fell about 3% that day, while Apple’s lighter AI spending made it a tech safe haven. That shift could also ease pressure on memory chip prices, Apple’s main cost headwind this year.

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