Why Apple Stock Is Down 23% This Year
Investors have turned their backs on tech stocks in 2022 as increasing inflation has led to a decline in consumer spending. This has planted doubt for the financial futures of some of the world's most valuable companies.
Apple's (NASDAQ: AAPL) share price has fallen almost 23% since January, but many others have tumbled far more. For instance, PC-component leaders AMD and Nvidia have seen their stocks sink about 60% in the same period.
Source Fool.com
