Nasdaq Dips Over 2%; Apple Earnings Top Views
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 01 2025
0mins
Should l Buy AAPL?
Source: Benzinga
U.S. Stock Market Performance: U.S. stocks fell this morning, with the Nasdaq Composite down over 2%, while Apple Inc. reported stronger-than-expected third-quarter results, boosting its stock price.
Global Market Trends: European and Asian markets also experienced declines, with significant drops in major indices, while U.S. construction spending and manufacturing PMI showed signs of economic slowdown.
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Analyst Views on AAPL
Wall Street analysts forecast AAPL stock price to rise
27 Analyst Rating
17 Buy
9 Hold
1 Sell
Moderate Buy
Current: 293.320
Low
239.00
Averages
306.89
High
350.00
Current: 293.320
Low
239.00
Averages
306.89
High
350.00
About AAPL
Apple Inc. designs, manufactures and markets smartphones, personal computers, tablets, wearables and accessories, and sells a variety of related services. Its product categories include iPhone, Mac, iPad, Wearables, Home and Accessories. Its services include advertising, AppleCare, cloud services, digital content, and payment services. The Company operates various platforms, including the App Store, that allow customers to discover and download applications and digital content, such as books, music, video, games and podcasts. It also offers digital content through subscription-based services, including Apple Arcade, Apple Fitness+, Apple Music, Apple News+, and Apple TV+. Its wearables include smartwatches, wireless headphones, and spatial computers. Its products include iPhone 16 Pro, iPhone 16, iPhone 15, iPhone 14, iPhone SE, MacBook Air, MacBook Pro, iMac, Mac mini, Mac Studio, Mac Pro, iPad Pro, iPad Air, AirPods, AirPods Pro, AirPods Max, Apple TV, Apple Vision Pro and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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- Service Revenue Boost: The services segment saw a 17% year-over-year revenue increase, complementing the robust performance of iPhone sales and collectively driving Apple's total revenue to $111 billion in Q2 of fiscal 2026, showcasing the company's success in diversifying its revenue streams.
- AI Outsourcing Strategy: Apple's decision to outsource most of its AI work rather than investing hundreds of billions directly may impact its competitiveness in the AI space, although this approach aligns with Apple's historically cautious strategy.
- Valuation Challenges: Despite a 6% rise in stock price over the past year, Apple's price-to-earnings ratio remains high at 35 times, reflecting market caution regarding its future growth and suggesting that investors may need to consider other more attractive opportunities.
See More
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- Significant Sales Growth: Apple reported a 17% year-over-year sales increase in Q2 2026, driven by a remarkable 22% rise in iPhone sales, indicating strong consumer preference and robust market demand for its products.
- AI Relaunch Plans: The company is set to relaunch an enhanced Siri in the coming months, although management did not specify the exact timing; this initiative aims to improve user experience and strengthen its competitive position in the smart assistant market, particularly through collaboration with Alphabet.
- Expanding User Base: With 2.5 billion active users, the revamped Siri is expected to further enhance user engagement and attract more customers to its devices, thereby driving long-term business growth.
- Market Reaction Expectations: The rollout of the new Siri is anticipated to positively impact Apple’s stock performance, reinforcing the company's leadership in the tech industry, despite analysts noting that Apple was not included in the current list of top investment stocks.
See More
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- AI Momentum Continues: Dan Ives from Wedbush Securities predicts that the Nasdaq will rise to 30,000 points within the next year, driven by a strong earnings season that boosts enthusiasm for AI stocks, reflecting optimistic market expectations for AI infrastructure development.
- Surge in Chip Demand: Ives highlights a 10-1 demand-supply ratio for chips, indicating unprecedented demand for memory chips, which further validates the bullish thesis on AI and suggests that we are still in the early days of the AI revolution.
- Strong Semiconductor Performance: Over the past month, the Nasdaq PHLX Semiconductor Sector Index has soared by 38%, with major companies like Intel, Nvidia, Apple, and Alphabet achieving double-digit growth, showcasing strong investor confidence in these tech giants.
- Optimistic Market Outlook: While Michael Burry warns that the market's fixation on AI may resemble the final stages of the dot-com bubble, Ives remains bullish on the AI market for the next two years, viewing it as a memory super-cycle and advising investors to focus on multiple subsectors including chips, software, and infrastructure.
See More
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- Oil Prices and Refinery Output: U.S. refineries are processing an average of 16.3 million barrels of crude per day, significantly up from 13.5 million, which, while unsustainable, is boosting refinery margins amid ongoing geopolitical tensions, stabilizing the market.
- CoreWeave Price Target Raised: Barclays increased CoreWeave's price target from $106 to $120, noting strong first-quarter earnings that exceeded expectations; however, light guidance for Q2 led to an 11% drop in shares, highlighting the tension between revenue growth and rising operating expenses.
- Strong Performance for Corning: Corning's stock rose 3.4% in premarket trading after Bank of America added it to its
See More
Nasdaq Projected to Reach 30,000 Points Amid AI Enthusiasm
- Nasdaq Forecast: Dan Ives from Wedbush Securities predicts that the Nasdaq will rise to 30,000 points within the next year, reflecting strong investor enthusiasm driven by a robust tech earnings season, particularly for AI stocks.
- Earnings Season Impact: As of last Friday, the Nasdaq Composite closed at 26,247.08 points, marking a 12.93% increase year-to-date, indicating strong demand for AI infrastructure that further validates the bullish thesis on AI.
- Surging Chip Demand: Ives noted that the demand-supply ratio for chips is 10-1, suggesting that we are still in the early days of the AI revolution, with sustained growth in demand for memory chips expected over the next two years, particularly for companies like SK Hynix.
- Market Dynamics Analysis: While Michael Burry warns that the market's fixation on AI may resemble the late stages of the 1999-2000 bubble, Ives believes the AI bull market will continue, urging investors to diversify across sectors such as chips, software, and cybersecurity.
See More
Intel in Talks with Apple for Chip Production Partnership
- Stock Performance: Intel's stock (INTC) gained 2% in Monday's premarket, while shares of its main contractor TSMC declined, reflecting market optimism regarding Intel's potential collaboration with Apple.
- Market Potential: Bank of America raised Intel's price target from $56 to $96, forecasting that a partnership with Apple could generate $10 billion in annual sales by 2030, further expanding its addressable market to $35 billion to $40 billion.
- Restructuring and Collaboration: Under CEO Tan's leadership, Intel has undergone significant restructuring and formed a new partnership with Nvidia, and if the deal with Apple materializes, it would provide crucial support for reviving its foundry business.
- Financial Performance: Intel's stock has surged 240% this year, with quarterly revenue rising 7% to $13.6 billion, exceeding Wall Street estimates, while data center and AI sales increased by 22%, demonstrating the company's strong market performance.
See More
