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Feature Story
AI-Free Apple (AAPL) Looks More Like a Value Stock Than High-Growth Tech
Mar 16, 2024 · bloomberg.com
AI is now driving the kind of growth that Apple previously relied on from selling its products and services to consumers worldwide. This shift indicates a potential change in the tech industry's landscape and Apple's position within it.
Key takeaways
- For two decades, Apple Inc. has been a leading company in the stock market.
- Apple's transformation from a niche computer maker to the most valuable corporation worldwide made its shares a cornerstone of investment portfolios.
- Apple's prominence is starting to fade.
- Artificial intelligence is now the driving force in technology, taking over the growth that Apple used to rely on from selling its gadgets and services.