And this…So not only Apple…If you want evidence why I think 18.1 beta 2 will be out this week, look no further than this article: https://stocks.apple.com/AZHyOvwsmTACxz6MQicCJQw
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Why the stock market is freaking out again | CNN Business
Fear has set in on Wall Street, and stocks are having another miserable day.
AI worries
Stocks had also been flying high over the past two years because of big bets on tech companies involved in artificial intelligence: Many hoped that AI would create another global industrial revolution.But AI profits are basically nonexistent, and the unproven technology isn’t yet ready for prime time. Some fear it’ll never get there. Traders are beginning to unwind big trades on Apple, Nvidia, Microsoft, Meta, Amazon, Alphabet and other tech stocks that had been surging since the beginning of last year.
Warren Buffett — CEO of Berkshire Hathaway and a notoriously calm force when markets go haywire — is also ditching tech. He just sold half of Berkshire’s Apple stake, which is a troubling sign for the health of the tech sector.