Apple stock drops today: AAPL slides as investors weigh Houston production push and China risk vote
Apple shares dropped about 1% to $271.41 in morning trading Thursday, reversing two days of gains. The move followed a shareholder vote rejecting a report on China supply-chain risks and news of expanded U.S. manufacturing. MoffettNathanson raised its price target to $270 but kept a neutral rating. Broader tech stocks also fell after Nvidia’s earnings failed to ease concerns over AI-driven growth.