Apple's Stock Slump: Is AI the Culprit?

Apples Stock Struggles: Retail Investors Overlook Tech Giant Amid AI RaceRetail investors have been consistently selling Apple shares, pulling $96 million out of the stock during a short Thanksgiving week, while pouring money into other big tech companies like Nvidia. This trend reflects a growing perception that Apple is falling behind in the artificial intelligence race, with companies like Nvidia, Microsoft, and Meta making significant investments and forming major partnerships. Apples usual secrecy and careful approach are now seen as a disadvantage, leading to a twelve percent year-to-date stock performance that trails the broader S&P five hundred index. Despite remaining a tech powerhouse, Apples stock price may not keep pace with its competitors, potentially losing its spot as the second most valuable company.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.