Apple stock is trading around $275 after a June 25 selloff that wiped roughly $265 billion from its market cap in a single session, following one of its worst single day drops in over a year. The drop was triggered by AI-driven memory costs rising to levels Apple could no longer absorb internally, leading to price hikes on MacBooks and iPads. Evercore described the decision to raise prices on existing products, in some cases by 17% to 25%, as a rare intra-cycle move signaling memory inflation was biting harder than expected. JPMorgan acknowledged the magnitude exceeded their expectations and flagged potential demand friction. CEO Tim Cook had previewed the direction, calling the situation a hundred-year flood. Despite the selloff, Apple reported record revenue of $111.2 billion in the most recent quarter, a $100 billion buyback authorization, and Services revenue hitting $31 billion in a single quarter. From $275, reaching $500 by 2030 means roughly an 82% gain over approximately four years, translating to a compound annual growth rate of about 16%. At $500, Apple's market cap would be approximately $7.5 trillion.