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The new price target from JPMorgan implies a potential downside of about 66% from the stock’s closing price on Thursday.

White House AI Czar David Sacks and Nvidia’s Jensen Huang reportedly expected the UAE chip-supply agreement to help maintain the U.S.’s AI leadership, keeping China at bay.

The new rule is expected to result in a $110 million reduction in the company’s fourth-quarter revenue and a $600 million decrease in revenue for the next fiscal year (2026).

Analysts’ consensus price target on the stock is $53.58, implying roughly 41% downside from Wednesday’s close

Apple is reportedly planning to announce an AI-powered glass without a display next year, ahead of its release in 2027.

Shares of the sportswear giant rose 4.5% in extended trading on Tuesday.