Congressman's Apple Buying Spree, Stock Gains, and More: This Week's Apple Ecosystem Highlights

A series of intriguing events unfolded in Apple's world this week, from a congressman's stock market strategy to a pop art icon's fascination with the company's products. Here's a quick recap of the week's top news.

Jobs Once Gave Warhol a Macintosh Mouse Lesson

The late Apple co-founder Steve Jobs once impressed legendary pop artist Andy Warhol with an impromptu lesson on using the Macintosh mouse at Sean Lennon's ninth birthday party. This took place in October 1984.

Journalist David Sheff, who was present, recalled that Jobs introduced Sean to the new Macintosh computer and demonstrated how the mouse controlled the cursor.

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Congressman's Apple Stock Buying Spree

Hawaii Democratic Rep. Ed Case has been consistently buying Apple stock since 2024. The most recent purchase in August marked the congressman's 10th investment in the tech giant, maintaining a distinctive pattern of stock buying.

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Apple Stock Rises Nearly 3% Amid Tech Sector Weakness

Despite a slight downturn in the tech sector, Apple shares rose nearly 3%. The company is navigating regulatory changes in Europe, shifting investor interest in artificial intelligence, and rising hardware costs.

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SK Hynix Follows Apple's Lead

SK Hynix Inc. announced a record 40 trillion won stock buyback, following Apple's approach. The decision reflects a broader shift in how the AI memory leader plans to use its cash reserves.

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Apple Stock Gets Major Upgrade

Rothschild Redburn analyst James Cordwell upgraded Apple from neutral to buy, raising the price target from $260 to $400. This represents a 53.85% increase, implying 30.75% upside from the current share price of $305.93.

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