(Bloomberg/Ryan Vlastelica) — Another broad selloff that dented high-flying AI trades from Nvidia Corp. to Palantir Technologies Inc. left an old stalwart of the tech sector unscathed: Apple Inc.

The iPhone maker notched a modest gain while the Nasdaq 100 Index fell 1.6%. It was a replay of Tuesday’s session, when Apple eked out an advance and the broader index sank 2.1%. Over the past month, Apple has risen more than 5%, while the tech-heavy index is up less than 0.5%.

The outperformance is a return to form for Apple, whose cash-generating prowess and rock-solid balance sheet have in past bouts of turbulence left it relatively unscathed. The stock has lagged behind the broader market for most of this year as investors chased artificial intelligence riches.

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