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Apple's stock has soared 35% since the end of june, as the market questions big tech firms' spending on ai development Investors are rethinking apple’s position as it outperforms during ai market pullbacks. Apple now has a $4.1 trillion market capitalization and the second biggest.
Apple’s slow ai pace becomes a strength as market grows weary of spending shares of apple inc Apple is avoiding massive ai spending while other tech giants face backlash for ballooning capital costs Were battered earlier this year as the iphone maker faced repeated complaints about its lack of an.
Has faced plenty of criticism from wall street for not spending as aggressively on artificial intelligence as its big tech rivals
But that strategy is suddenly a blessing for. Investors, however, still view apple as a benchmark of stability during volatile market conditions Even amid nvidia’s rapid growth, nearing a $5 trillion valuation, and microsoft expanding its. Apple reported blowout earnings on thursday, beating wall street’s predictions with its biggest revenue growth since december 2021
However, the market reaction was muted, with analysts.
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