1 Day
Source:
The Guardian
Apple reaches $5tn amid AI stock selloff
Apple’s shares briefly reached a session high of $342.89, pushing its market capitalization past $5 trillion, making it only the second company to achieve this valuation. The company's rally is driven by strong product demand and its decision to avoid heavy AI investments, while a wider tech sell-off, particularly in AI and semiconductor stocks, has increased market volatility. Apple’s conservative approach to AI spending and its strategic product pricing, including a new leasing program, have supported investor confidence amid broader industry concerns.
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