Ignore the Panic and Keep Buying Apple Stock, According to Wedbush

Apple (AAPL) is one of the most important stocks in the market, and that's perhaps an understatement. The world's most valuable company for most of the past two decades, Apple's price movements have historically driven a great deal of the overall market return for investors. As such, where this stock is headed for the remainder of 2026 could be a massive deal for markets overall. 

However, given recent reports that the overall correlation of Apple's stock price movements (as measured by its beta) has sunk to a low of 0.2 is indicative that investors are starting to once again pick winners and losers in the AI race. Notably, this level is the lowest since 2006 - it was as high as 0.9 in May - suggesting that Apple is among the key companies in which investors are looking for less exposure right now.