The three-month correlation between Apple Inc. 12, establishing an inverse correlation.
” Historic Negative Correlation The Kobeissi Letter reports that the correlation between Apple and the Nasdaq 100 has remained negative for two consecutive months. 2%.
90. 30.
com/YXMOaxgBLe— The Kobeissi Letter (@KobeissiLetter) October 27, 2026 Read Also: Steve Jobs Thought They Were ‘Ergonomically Terrible,’ but Apple Is Reportedly Betting You’ll Pay a Premium for the Touchscreen MacBook Pro Closing the Valuation Gap Alongside this decoupling, financial research platform Trading Terminal observed a sudden shift in tech valuations. According to Trading Terminal, the market capitalization gap between Nvidia Corp.
(NASDAQ:NVDA) and Apple shrank from $903 billion on Oct. 6 to $181 billion within three weeks, erasing 80% of the difference.
During this span, Apple added approximately $197 billion in market value, whereas Nvidia lost approximately $525 billion. ” $APPL closed a $903 BILLION valuation gap within 3 weeksAre investors suddenly preferring Apple's predictable steady cash flows over the volatile AI infrastructure?
” Trading Terminal also highlighted the valuation disparity, arguing that Apple trades at a roughly 43% higher earnings multiple despite Nvidia’s substantially faster revenue growth. ” Noting Apple and Nvidia report earnings on Nov.
2 and Nov. com/d3L2jUOliE— Trading Terminal (@MarketAtlas) October 27, 2026 How Has AAPL Performed in 2026?
77% over the last month. 10 on Tuesday.
Benzinga’s Edge Stock Rankings indicate that AAPL maintains a positive price trend in the short, long, and medium terms, with a moderate growth score. Read Also: Tom Lee’s Top 6 Reasons for ‘Conviction About the AI Trade’: ‘I’m Buying This AI Dip’ Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
