# Apple stock rises 28% in 2026 as AI stocks wobble

> Apple shares surge 28% in 2026 as investors bet on iPhone maker amid AI stock volatility.
- Title: Apple stock rises 28% in 2026 as AI stocks wobble · mint
- Summary: Apple shares surge 28% in 2026 as investors bet on iPhone maker amid AI stock volatility. Apple stock rose 28% in 2026, outperforming AI stocks as investors…
- Keywords: apple, ai stocks, magnificent seven, s&p 500, stock market, bloomberg, foldable iphone duo, coreweave, news, india, stock, rises
- Source: mint — https://livemint.com/market/stock-market-news/apple-stock-rises-28-in-2026-as-ai-stocks-wobble-why-investors-are-betting-on-the-iphone-maker-11792687241486.html
- Author: A Ksheerasagar
- Published: 2026-10-22T17:08:13+00:00
- Read time: 1 min
- Topics: apple, ai stocks, magnificent seven, s&p 500, stock market, bloomberg, foldable iphone duo, coreweave, news, india
## Apple stock surge
Apple shares rose 28% in 2026, outperforming other Magnificent Seven stocks as investors seek Big Tech exposure without AI infrastructure risks.
## Bloomberg report
Bloomberg reported Apple’s stock rose 28% in 2026, making it the biggest contributor to the S&P 500 Index’s 12% climb and the best performer among Magnificent Seven tech giants this year.
## Why Apple stock rises
Apple avoids massive AI infrastructure spending unlike Microsoft, Amazon, Alphabet, and Meta Platforms, focusing instead on consumer products like the foldable iPhone Duo.
## AI stock volatility
The semiconductor index SOX fell over 11% last week, its worst weekly performance since April 2025, as AI infrastructure concerns grow.
## Apple’s valuation
Apple trades at 36 times estimated earnings, its highest multiple since January 2008, with revenue growth expected to slow to 9.7% in fiscal 2027 and 5.5% in fiscal 2028.
## Investor concerns
Investors worry Apple’s slower growth and elevated valuation could lead to a pullback if AI stocks rebound, potentially dropping toward its 50-day moving average.
## What happens next
Apple stock may fall if renewed AI enthusiasm boosts chip stocks, or continue rising if demand for the iPhone Duo remains strong.
## Key takeaway

Apple stock rose 28% in 2026, outperforming AI stocks as investors seek Big Tech exposure without AI infrastructure risks.