By David Moadel
Publication Date: 2026-09-29 17:43:00
Bank of America just flagged a Meta shopping agent that could quietly drain the most profitable part of Apple’s business, and the gap between Apple’s stock drop and the broader tech market suggests investors are taking the warning seriously.
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Apple (NASDAQ:AAPL | AAPL Price Prediction) stock is at $331.08, down 2%, after Bank of America warned that a shopping agent from Meta Platforms (NASDAQ:META) could pull online commerce activity away from the iPhone ecosystem. Meta Platforms stock is at $718.53, up 0.4%, a modest gain for the developer of the agent behind the warning.
Technology funds are barely moving by comparison, which makes the drop in Apple stock look company-specific. The Technology Select Sector SPDR ETF (NYSEARCA:XLK) is down 0.1%, and the Invesco QQQ Trust (NASDAQ:QQQ) is down 0.1%, leaving Apple stock falling further than…
