AAPL at 52-Week Highs: Services Thesis Meets Overbought RSI

The session has a distinctly bifurcated feel. On one side, AI optimism is carrying tech stocks higher ahead of Nvidia's after-hours earnings report, which options markets are pricing in a 6.5% swing on [1]. Equities are broadly steady — not euphoric, just cautiously bid — with the S&P 500 posting modest gains while Treasury yields hold near multi-year highs [2]. The dollar pulled back slightly from a six-week peak after reports of potential Iran peace negotiations emerged [3], giving a mild lift to the euro and sterling, though neither move is dramatic enough to call a trend reversal. The macro backdrop is…