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Apple hits $5 trillion valuation as investors seek havens amid AI stock rout

1 min read
Source: Financial Times
Apple hits $5 trillion valuation as investors seek havens amid AI stock rout
Photo: Financial Times
TL;DR

Apple’s market capitalization topped $5 trillion for the first time, making it only the second company to reach that level after Nvidia, as investors flock to tech havens amid a sell-off in AI and semiconductor stocks; Apple has largely avoided heavy AI spending and is gradually advancing its AI features, with quarterly results due this week.

Topics:businessmarkets#apple-inc#artificial-intelligence#markets#nvidia#us-equities
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  1. Apple tops $5tn valuation for first time  Financial Times
  2. Apple tops $5 trillion market cap, only second company to hit the milestone  Yahoo Finance
  3. Apple Became a $5 Trillion Company Thanks to Its Approach to AI  PetaPixel
  4. Apple Regains Spot Over Nvidia as Most Valuable Public Company  The New York Times
  5. Apple briefly becomes second company ever to notch $5 trillion market value  Reuters

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