Apple Stock Dips 2.78% in Pre-Market After 15% Rally on AI Hype and Buyback Speculation
Key Highlights:
Apple Inc. shares are seeing a modest pullback in the pre-market session on April 10, after delivering a spectacular rally of over 15% on Tuesday, which marked one of the company’s largest single-day gains in years.
As of 7:21 AM ET, AAPL is trading at $193.32, down 2.78% (-$5.53) from yesterday’s close of $198.85.
Apple’s Record Rally – What Drove the 15% Surge?
On 9 April 2025, Apple stock exploded higher due to:
- Rumors of a massive share buyback program announcement
- Renewed investor enthusiasm in AI product development and partnerships
- Tailwinds from Nasdaq’s 12% rally, driving Big Tech momentum
- Short-covering from bearish positions
Apple even touched an intraday high of $200.61, just 23% shy of its all-time high of $260.09.
Pre-Market Snapshot – 10 April 2025
| Metric | Value |
|---|---|
| Pre-Market Price | $193.32 |
| Pre-Market Change | -$5.53 (-2.78%) |
| Previous Close | $198.85 |
| Volume (Est.) | Moderate |
| Sentiment | Cautious consolidation |
What’s Behind the Pre-Market Dip?
- Profit-booking after sharp rally
- Cautious sentiment ahead of U.S. CPI data later today
- Dow and S&P futures in red, dragging market-wide sentiment
- Rotation back into value and defensive sectors
What to Expect at Market Open?
| Scenario | Impact on AAPL |
|---|---|
| Soft CPI (<3.3%) | Renewed upside push; possible retest of $200 |
| Hot CPI (>3.5%) | Sharp dip toward $190–$188 support zone |
| Neutral CPI (3.4%) | Sideways action; consolidation expected |
Key Technical Levels for AAPL
| Level Type | Value |
|---|---|
| Support 1 | $190.00 |
| Support 2 | $185.75 |
| Resistance 1 | $200.61 |
| Breakout Target | $207.00 |
Analyst Commentary
“Yesterday’s rally was driven by momentum, not fundamentals. The real test is how Apple holds after macro data and whether the AI narrative gets monetized,” said Julie Watkins, Lead Analyst, Raymond James.
Apple Pre-Market Shows Cooling, Not Weakness
Apple’s pre-market decline of 2.78% is not unusual after such a historic run. Traders appear to be locking in short-term gains while awaiting critical inflation data. The stock’s longer-term outlook remains bullish if macro conditions stay favorable and AI-driven growth materializes.
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