Apple Retail Traders Lose Faith As Market-Cap Trails Microsoft, Nvidia Amid 7-Day Losing Streak

Apple, Inc. (AAPL) stock has declined for seven straight sessions as tariff uncertainty remains an overhang. 

Even as CEO Tim Cook and his team focused on India as a production base as a workaround for the China tariffs, President Donald Trump poured cold water on the plan.

During the president’s state visit to the Middle East, he said he has asked Cook to manufacture in the U.S. and not go with India due to the prevailing high levies on U.S. imports in the Asian country.

According to Wedbush’s Daniel Ives, making iPhones in the U.S. will push its price point to $3,500, making the iconic device less affordable.

Negative headlines about Apple’s rumored partnership with Alibaba to bring Apple Intelligence to China also weighed down on the stock. A New York Times report said the Trump administration is worried about any potential pact between these companies.

The rally in Apple’s stock seen after the May 12 U.S.-China trade deal fizzled amid the concerns. Since May 13, Apple’s shares have lost over 5%. 

This has resulted in Apple's relegation to third place in terms of market capitalization, behind Microsoft (MSFT) and Nvidia (NVDA).

Wedbush’s Ives, however, is optimistic about Apple's ability to ride out the storm successfully. The analyst said that in a best-case scenario, Apple can boost its iPhone production in India by 60%- 65% by the fall. He also believes the company can pivot back to China easily if the tariff issue is resolved.

A Morgan Stanley report released earlier this week showed Apple was the most underowned mega-cap tech stock by institutions, exiting the first quarter. 

The Fly reported that on Wednesday, Goldman Sachs maintained a bullish recommendation ahead of the 2025 annual Worldwide Developer Conference, which is due on June 8. 

Bloomberg’s Mark Gurman, a prominent Apple leaker, said in a report on Thursday that Apple is readying for the release of a smart glass by late 2026 in a broader push into artificial intelligence (AI)-powered consumer devices.

On Stocktwits, retail sentiment toward Apple stock was ‘neutral’ (45/100) by late Thursday. 

A bearish watcher said the Apple stock will drop to $195, with the trend decreasing.

Another user expressed his wistful thinking of a $100 billion buyback.

Apple ended Thursday’s session down 0.36% at $201.36, bringing its year-to-date losses to about 20%. The stock hit an all-time high of $260.10 on Dec. 26 before experiencing a rocky ride amid tariff concerns. 

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