Apple's Unusual Market Dominance, Iran Retaliation List And More: This Week In Appleverse

The week was filled with intriguing stories in the tech and space sectors. From Apple Inc. (NASDAQ:AAPL) and Nvidia Corp. (NASDAQ:NVDA) outperforming defense stocks during a geopolitical crisis to Amazon.com Inc. (NASDAQ:AMZN) eyeing a major acquisition in the satellite space, here’s a roundup of the top stories that unfolded.

Nvidia, Apple Outperform Defense Stocks Amid War

Amidst an escalating geopolitical situation, U.S. tech giants like Apple and Nvidia are surprisingly outperforming the defense sector. This is a significant deviation from the norm, where defense stocks usually rally during times of heightened global tensions. The usual rationale is that such tensions would lead to an increase in military spending. However, this time, the technology sector, particularly Big Tech, has proven to be more resilient than expected. 

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Globalstar Stock Surges Over 15% After Amazon’s Potential Acquisition

Globalstar Inc. (NYSE:GSAT) experienced a significant surge in its stock price following reports of a potential acquisition by Amazon. This move could bolster Amazon’s low-Earth-orbit satellite internet business, known as Leo, as it moves towards commercial service. Amazon, which has launched over 200 satellites since April 2025, is seeking more time from the FCC to meet a mid-2026 deployment deadline for approximately 1,600 satellites. 

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Magnificent Seven Stocks Struggle In 2026

The Magnificent Seven stocks, a well-known basket of U.S. companies, had a challenging first quarter in 2026. All seven components saw a decline in share prices, a stark contrast to their performance in 2025. The quarter was marked by lower share prices and high volatility, raising questions about the future of these companies. 

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Apple Celebrates 50 Years: From Garage Startup To $3.73 Trillion Giant

Apple marked its 50th anniversary, tracing its journey from a garage in California to becoming a $3.73 trillion tech giant. In 1976, Steve Jobs and Steve Wozniak transformed the garage into the birthplace of Apple. This move set the stage for decades of innovation and growth, solidifying Apple’s position as a tech industry leader. 

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Palantir, Tesla, Apple Lead Iran Retaliation List

Amidst escalating tensions in the Middle East, technology stocks, including those of Tesla Inc. (NASDAQ:TSLA) and Apple, saw a spike. This development could be a positive sign for over a dozen companies listed by Iran’s Islamic Revolutionary Guard Corps (IRGC) for potential retaliation. The IRGC had set a deadline for attacks to cease, warning of potential destruction of U.S. companies for every assassination of Iranian military leaders. 

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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.