---
title: Apple up 4.4%. Nasdaq down 5%. October’s divergence is striking.
description: "Apple’s correlation with the Nasdaq has reportedly turned negative—a sharp contrast with six years ago, when it was close to 100%.\n\nOne of the index’s biggest names is moving in the opposite direction.\n\nWith Apple’s earnings due today, that raises an interesting question:\n\nAre investors starting to see Apple as an alternative to the AI spending race?\n\nOne month doesn’t establish a lasting trend. But the divergence puts Apple firmly in the spotlight.\n\nSource: Nic\n@puckrin on X"
---

[Syz The Moment](https://blog.syzgroup.com/syz-the-moment)

# [Apple up 4.4%. Nasdaq down 5%. October’s divergence is striking.](https://blog.syzgroup.com/syz-the-moment/apple-up-4.4.-nasdaq-down-5.-octobers-divergence-is-striking)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | Nov 2, 2026, 3:55:38 PM

[View full post](https://blog.syzgroup.com/syz-the-moment/apple-up-4.4.-nasdaq-down-5.-octobers-divergence-is-striking)

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