CalPERS recently divested its stake in Apple, marking a significant move given its role as America's largest pension fund managing $540 billion. The pension fund has shifted its investments towards companies such as Meta, AMD, and McDonald's, which have shown better performance. Analysts speculate that Apple's delay in AI implementation and reliance on overseas manufacturing are key concerns, compounded by rising tariffs. This shift raises questions about Apple's ability to maintain its market dominance, especially as consumer interest in iPhone upgrades wanes.
CalPERS' decision to sell Apple stock—in favor of other tech companies—reflects a broader concern about Apple's future in AI and production challenges.
The company struggles with its smartphone upgrades losing appeal and faces potential tariffs, raising doubts about maintaining its status as the most valuable company.
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