Apple's AI Investments Bring It to Edge of $4 Trillion Valuation

Is Apple on the verge of becoming a $4 trillion company?As Reuters reported Monday (Dec. 23), the company has pulled in front of Nvidia and Microsoft in the race for this historic valuation. Apple’s shares have climbed 16% since earlier last month, adding around $500 billion to its market capitalization, the report said.The uptick reflects “investor enthusiasm for artificial intelligence and an expectation that it will result in a supercycle of iPhone upgrades,” said Tom Forte, an analyst at Maxim Group, wh ...