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Apple wins without doing anything 🎉
Apple's market capitalization has once again reached $4 trillion - the company has regained its second place among the most valuable corporations in the world.
While the market is in turmoil due to fears about the AI bubble, Apple has stayed on the sidelines. The company is allocating just $18 billion to AI investments, while Meta is spending $115 billion, Google - $175 billion, and Amazon - around $200 billion 🤑
The same logic applies to products. Instead of making grandiose promises about Siri, Tim Cook simply partnered with Google, which unexpectedly had a positive impact on iPhone sales.
#Stocks