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Apple stock (AAPL) rose an impressive 13% last week, marking its best weekly performance since July 2020. While the Cupertino giant hasn’t yet turned green for the year, it has recouped the losses it accumulated since President Donald Trump announced his “Liberation Day” tariffs on April 2.
In my previous article, I had noted that after woefully underperforming the market in 2025, Apple was due for a catch-up trade with the broader market as well as its Big Tech peers. The rally came faster than I had expected. In this article, we’ll examine whether there’s still heat left in Apple’s rally or if it will fizzle away. Let’s begin by analyzing the factors that spurred last week’s rise.