Apple Inc. ($AAPL) rose on May 08, 2026. Here's the breakdown of what drove the move and what traders are watching next.
What Happened
+1.65% gain; strong Q2 earnings beat; iPhone momentum; Services record growth
The Bull Case
Blockbuster fiscal Q2 earnings; robust iPhone demand; record Services revenue; bullish analyst calling for 37% stock jump; RSI at 72.22 shows strength
The Bear Case
Memory shortage could increase Mac costs (negative for affordability); valuation at P/E 35.33 elevated; analyst target $306.96 vs. current $292.17 implies modest upside
Price Target & What to Watch
$306.96 (analyst target) vs. current $292.17