
Apple shares rose 0.1% on October 28, continuing a strong recovery thanks to impressive iPhone 17 sales, including sales in China - a key market where the company has previously performed poorly.
The trend reverses Apple’s fortunes from earlier this year, when the company’s stock plunged amid challenges ranging from President Donald Trump’s tariffs to delays in AI products and pressure to manufacture its phones in the U.S. The company lost more than $310 billion in market value in a single trading session in April.
Still, Apple’s recovery could be seen as a sign that the iPhone is still appealing to consumers and Wall Street, even as the company lags in the AI race. Still, Apple’s stock is up just over 7% this year, well below its 30.7% gain in 2024 and below the broader market’s 17% gain.
Apple's new record comes during a boom year for tech stocks as AI fever takes tech giants to new heights.
The fact that Nvidia (a key AI chip supplier) and Microsoft (a cloud computing giant) surpassed Apple to hit the $4 trillion mark shows the growing importance of AI to Wall Street. Record-breaking valuations were previously Apple’s playground.
Wall Street has been eager to cash in on technology that some believe could be as fundamental as smartphones or the internet, as AI plays an increasingly large role in everything from office work to healthcare and education .
However, for now, the iPhone is still the driving force that takes Apple to new heights.
Source: https://baohaiphong.vn/apple-gia-nhap-cau-lac-bo-4-000-ty-usd-524930.html






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