cd /news/ai-infrastructure/apple-shares-plummet-by-nearly-10-pe… · home › topics › ai-infrastructure › article
[ARTICLE · art-83589] src=independent.co.uk ↗ pub= topic=ai-infrastructure verified=true sentiment=↓ negative

Apple shares plummet by nearly 10 per cent after iPhone report

Apple Inc. shares fell nearly 10% on Friday after the company forecast weaker-than-expected revenue growth for the current quarter, citing component shortages driven by the AI-driven data centre boom. The drop could erase nearly $500 billion from Apple's market capitalisation, potentially ceding the title of the world's most valuable company to Nvidia. CEO Tim Cook described the shortages as "very significant," and Apple's revenue growth forecast of 9-11% fell short of Wall Street's 12% estimate.

read1 min views1 publishedAug 2, 2026
Apple shares plummet by nearly 10 per cent after iPhone report
Image: Independent (auto-discovered)
  • Apple's shares fell by nearly 10 per cent on Friday following a forecast indicating the iPhone maker's struggle to meet demand.
  • The company is facing significant component shortages, primarily due to the “AI-driven data centre boom” (dubbed RAMageddon) straining global supply chains for chips.
  • This potential drop could wipe out nearly $500 billion from Apple's market capitalisation, potentially ceding the title of the world's most valuable company back to AI chip giant Nvidia.
  • Tim Cook, Apple's CEO, described the shortages as “very significant”, noting the company has limited options to address the supply chain issues.
  • The company's revenue growth forecast of 9-11 per cent for the current quarter fell short of Wall Street's 12 per cent estimate, alongside concerns about softer growth in its services business.
source & further reading
independent.co.uk — original article Google forced to roll back new AI tool just hours after launch AI doctors and viral trends can make false health claims seem credible. Here’s how to spot misinformation LinkedIn set to crack down on posts with AI slop – here’s what to know
── more in #ai-infrastructure 4 stories · sorted by recency
── more on @apple inc. 3 stories trending now
sponsored brought to you by zahid.host 4,200+ EU-deployed projects
reading about agents? ship yours in a single git push.

Run your AI side-project on zahid.host

EU-based hosting, git-push deploys, automatic HTTPS, no cold starts. Free tier with a custom domain — perfect for shipping the agent you just read about.

$git push zahid main
→ Live at https://your-agent.zahid.host ✓
Get free account → Pricing
from €0/mo · no card required
LIVE [news/apple-shares-plummet…] indexed:0 read:1min 2026-08-02 · —