Apple loses $10B market cap pre-event; supply chain stocks surge

The divergence between Apple's share price decline and its suppliers' rally suggests the market is pricing supply-chain fundamentals independently of the consumer hardware event. The gains in Corning, Coherent, and Amkor point to expectations of AI-related infrastructure demand rather than immediate iPhone sales. The mention of an Intel chip deal and memory cost-driven price hikes could signal margin pressure or strategic shifts, but the market's reaction implies supply chain strength is the key narrative. Whether this split persists after the event, or if Apple's stock catches up to supplier optimism, is the open question.