Apple fell 2.66% on September 29 to $329.40, losing support at $333 and closing 4.6% below its September 22 record high of $345.34. The decline was Apple-specific even as Broadcom and Micron rose, according to BeInCrypto, after Bloomberg reported CEO John Ternus plans to cut middle management and engineering program manager roles and may scrap Apple’s fixed spring and fall launch calendar.

Valuation and competition also weighed, with Bank of America’s Wamsi Mohan flagging Meta’s Muse AI agent as a threat and UBS keeping a Neutral rating with a $296 target.