Apple Stock Rises as Broadcom Chip Deal Strengthens Long-Term AI Strategy

Apple AAPL stock maintained its bullish trend and is still showing strong performance in the Asian trading session on Tuesday.

Written by: Arslan Butt • Tuesday, July 7, 2026 • 2 min read

• Last updated: Tuesday, July 7, 2026

Quick overview

Apple AAPL stock is currently trading at $312.66, reflecting a 1.31% gain in the last 24 hours and over 9% increase in the past five days.
The stock's upward trend is largely due to a significant agreement with Broadcom to develop customized chips for Apple's future devices until 2031.
Despite volatility following the WWDC event, where Apple showcased AI improvements, experts remain optimistic about future growth driven by new technologies and products.
Apple is preparing to launch a foldable iPhone and will release its Q3 financial report on July 30, with expectations of strong sales.

Apple AAPL stock maintained its bullish trend and is still showing strong performance in the Asian trading session on Tuesday. At the time we are writing this article, the stock is trading at $312.66, showing 1.31 percent gains in the last 24 hours. Meanwhile, this stock increased by more than 9 percent in the last five days.

The reason for this upward flight can be attributed to the latest positive news that Apple has signed a big and long agreement with Broadcom. Broadcom is a technology leader that designs and supplies semiconductor and infrastructure software solutions. As per the agreement, Apple and Broadcom, both companies, will work together to make special customized chips that will be used in Apple future phones, computers, and devices until 2031. This deal will definitely help Apple make its devices better, faster, and more powerful. As a result of this good news, the shares of both companies rose sharply.

Why Apple’s Stock Went Up and Down

As we all know, Apple just hosted its big annual Worldwide Developers Conference (WWDC) event in the month of June, where it showed major improvements regarding the Apple Intelligence sector. Apple made the Siri voice helper more useful and smarter just like real AI.

Not only this, but Apple also presented some new software updates like advanced parental controls for many devices, including iPhone, iPad, and Mac. Apparently, these improvements tend to boost Apple stock, but in reality, something different happened.

Despite the successful event, Apple stock showed some strong volatility. On the same day of WWDC event, Apple stock hit an intraday high of $317, but after the keynote, it dropped and closed at $301.54, which was a decline of 1.89 percent. Afterwards, it declined further and reached around $290.55. During that week, the total loss was up to $25 per share. However, the reason behind is that many investors believed that Siri is still in the beta version. They think the complete powerful release will take time; however, this concern put pressure on investors, and they sold Apple shares, which pushed its stock down.

Despite this, experts say that these updates will help Apple to grow quickly in AI and could increase services revenue by 12 to 14 percent in the future.

Apple stock Price Chart - Source: Tradingview — Apple stock Price Chart – Source: Tradingview

Apple Is Getting Ready for New iPhone Launches

Moreover, Apple is planning to launch new iPhones later this year and next year. The time the most exciting one is a foldable iPhone that can fold like a book. As per the rough estimates, this phone will be very expensive and it can cost around 2,500 dollars. Apple has asked suppliers to prepare to produce up to 10 million units, while the earlier target was 7 to 8 million. Experts say this foldable phone could help iPhone sales reach 250 million units next year.

In addition to the new iPhone launch, Apple will share its Quarter 3 financial report on July 30. As we know, Apple made strong sales of 111.2 billion dollars earlier in the year. Looking at all these positive things, experts are optimistic about Apple future because of its new AI features, foldable phones, and strong business model. Apple is a leading company that continues to grow rapidly through innovation.

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ABOUT THE AUTHOR See More

Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.