Apple's Stock Downgraded: Microsoft Closing in on Market Cap

TLDRShares of Apple have dropped since the recent stock downgrade, allowing Microsoft to come closer to overtaking Apple's market cap. This has affected the Apple ecosystem and resulted in a negative impact on stocks like GM. The NASDAQ also had its worst first day of the year since 2016.

Key insights

📉Shares of Apple have fallen due to the recent stock downgrade.

💼Microsoft is closing in on overtaking Apple's market cap.

🍎The Apple ecosystem has been negatively affected by the stock downgrade.

📊The NASDAQ experienced its worst first day of the year since 2016.

💡Apple has announced $100 billion in share buybacks, providing stability to the stock price.

Q&A

Why have Apple's shares dropped?

Apple's shares have dropped due to a recent stock downgrade.

How has the stock downgrade affected the Apple ecosystem?

The stock downgrade has had a negative impact on the Apple ecosystem.

What is Microsoft's current market cap compared to Apple's?

Microsoft is closing in on overtaking Apple's market cap.

How has the NASDAQ performed at the start of the year?

The NASDAQ had its worst first day of the year since 2016.

What measures has Apple taken to stabilize its stock price?

Apple has announced $100 billion in share buybacks, which helps provide stability to the stock price.

Timestamped Summary

00:09Shares of Apple are lower since the stock downgrade.

00:16Microsoft is closing in on overtaking Apple's market cap.

00:23The stock downgrade is dragging down the Apple ecosystem.

00:35The NASDAQ had its worst first day of the year since 2016.

01:24Apple has announced $100 billion in share buybacks to stabilize the stock price.