Apple blew past Microsoft to one again claim the mantle of the world’s most valuable company by market capitalization propelled by two of Wall Street’s favorite words: artificial intelligence… make that Apple Intelligence.
The story for Apple began Monday at the tech giant’s Worldwide Developers Conference, when the company unveiled its AI strategy.
It seemed to take investors a beat to warm up to the news, considering the stock slipped 1.9% on Monday, before soaring 7.3% to $207.15 on Tuesday to an all-time high, setting its first record close since December 2023. Shares were rising [3.7%] on Wednesday.Wedbush Securities analysts led by Dan Ives piled into the positivity. “The delayed positive reaction from the Street on the Apple
Intelligence news was investors starting to fully digest that the AI Revolution will come through the consumer with an Apple device over the coming year,” he wrote.Mizuho Securities analyst Daniel O’Regan offered some more detailed reactions from key groups on Wall Street. Clients were constructive but surprised shares rose so much, he wrote. “Apple delivered in terms of what people were expecting,” he continued. “Although NOT ground breaking, Apple intelligence is a step in the right direction.”
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MacDailyNews Take: Apple is currently worth $3.3 trillion.
Other members of the $3 trillion club:
• Microsoft: $3.247 trillion
• Nvidia: $3.116 trillion
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That’s a pretty big dent in the universe.
I’m seeking professional help after selling some AAPL at $205.
If it’s any consolation I suspect the current performance is a temporary sugar hit.
Also, just be thankful you didn’t pass up the chance to buy at $3 (split-adjusted) like me. 😩
That’ll buy a lot of corn!!
Where’s all those Cook-hating shitbirds at today? Counting their money?
Typical statement from one who doesn’t get it. Tim is great at the money part, but a luddite per “the object.” He has changed the story…from the company of invention to the company of the annuity.
I am one that thinks he should go, but fully acknowledges my bags are bigger because of him. All credit goes to the one leading the team, company, or troop during appointment. With that said, a company is WAY more than the Wall Street #.
To augment; “a company is WAY more than the Wall Street #.”
Steve Jobs is quotable today and will be in time going forward.
Cook says nothing/little that will be in the history books.
Life is more than $$.
That Steve is long gone but not forgotten, ever, is an exercise in the obvious. Apple is no longer the “cause” it was for many of us in the 80’s Purchasing AAPL today is about $$$. Tim Cook seems to have performed well to me by this heavily weighted measure.
No one looks at anyone and does not see things they would prefer differently. If you have gained significantly from your investment but obsess on why the main guy is not, once again, Ruth, Jordan, Brady or Gretzky, well, I guess happiness is just hard for some to come by.