Apple shares rose 0.1% on October 28, continuing their strong recovery thanks to impressive iPhone 17 sales, including sales in China – a key market where the company had previously performed poorly.
This trend has reversed Apple 's fortunes from earlier this year, when the company's stock plummeted due to a series of challenges, from President Donald Trump's tariffs to delays in AI products and pressure to manufacture phones in the US. The company lost more than $310 billion in market value in a single trading session in April.
However, Apple's recovery could be seen as a sign that the iPhone still holds enough appeal for consumers and Wall Street, even as the company lags behind in the AI race. Even so, Apple's stock has only risen just over 7% this year, far less than the 30.7% increase projected for 2024 and lower than the overall market's 17% gain.
Apple's new record comes in a booming year for tech stocks as the AI craze propels tech corporations to new heights.
The fact that Nvidia (a key AI chip supplier) and Microsoft (a major cloud computing corporation) surpassed Apple to reach $4 trillion in market capitalization demonstrates the increasing importance of AI to Wall Street. Previous record-breaking valuations were previously Apple's domain.
Wall Street has been eager to profit from what some believe could be as fundamental as smartphones or the internet, as AI plays an increasingly significant role in everything from office work to healthcare and education.
However, currently, the iPhone remains the driving force propelling Apple to new heights.
Source: https://baohaiphong.vn/apple-gia-nhap-cau-lac-bo-4-000-ty-usd-524930.html
