Apple's AI Angst Eases as $600B Rally Lifts Shares to Record Highs

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Source: Yahoo Finance
Apple's AI Angst Eases as $600B Rally Lifts Shares to Record Highs
Photo: Yahoo Finance
TL;DR Summary

Investor rotation back into Apple, as AI-spending worries weigh on other AI-related tech, has driven about a $600 billion rise in Apple’s market value and sent its stock to record highs after a 15% rebound since June 25; with a foldable iPhone on the horizon and resilient margins from price hikes and services, Apple is viewed as a steadier play than many AI winners, even as analysts weigh the stock’s lofty valuation against potential upside.

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