Apple slid 7.1% Friday on chip-shortage warnings. Will its stock close higher on Aug 7 than on July 31?
50% of users predicted YES — the community got this one right. 30 predictions cast.
Apple shares closed at $313.33 on August 7, 2026, above the roughly $305-$309 level where the stock finished on July 31 after tumbling about 7.3%-7.4% following its fiscal third-quarter earnings report. The July 31 slide came after then-CEO Tim Cook warned that a global memory-chip shortage would constrain production of iPhones, Macs and iPads even as the company beat quarterly revenue and profit estimates. The drop briefly cost Apple the title of world's most valuable company, ceding it back to Nvidia. Apple recovered over the following week as broader markets rallied; by August 7, major indexes hit fresh highs after a weaker-than-expected July jobs report reduced expectations that the Federal Reserve would need to raise rates, lifting risk assets including Apple. The recovery meant Apple closed higher on August 7 than it had on July 31, resolving the question yes. The prediction market community was evenly split at 50% before resolution, reflecting genuine uncertainty about whether the chip-shortage selloff would prove durable or would be reversed by the subsequent market-wide rally.