AI-Free Apple (AAPL) Looks More Like a Value Stock Than High-Growth Tech
Mar 16, 2024 - bloomberg.com
For 20 years, Apple Inc. was the epitome of stock market success, transitioning from a niche computer manufacturer to the world's most valuable corporation. Its shares became a staple in global investment portfolios. However, Apple's allure is beginning to diminish as artificial intelligence (AI) takes center stage in the technology sector.
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.
