Among tech stocks this earnings season, it’s been a mixed bag. While some tech stocks have surged after earnings, others, like Apple (NASDAQ:AAPL) stock have pulled back following the release of their latest quarterly results.
Despite some bright spots in this overall-mixed earnings release (such as the performance of one of its units that will likely drive future growth), you may think this is the beginning of the end to AAPL’s hot run during 2023.
While it’s not for certain whether this FAANG component will keep falling, or start to pick back up, in the immediate term, if you are a long-term investor, it’s best to view this latest move as merely market noise. Why? Let’s take a closer look, and find out.
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