Investor enthusiasm for artificial intelligence and an expectation that it will result in a supercycle of iPhone upgrades are major drivers of Apple's momentum, said Tom Forte, an analyst at Maxim Group. This heightened optimism about AI strategy has led to a significant stock surge, highlighting the connection between technological advances and investor confidence.
Historically, Apple has been the first U.S. company to reach several trillion-dollar valuation milestones, often linked to iPhone success. However, Apple's current growth trajectory is attributed to its focus on generative AI, which is seen as a pivotal factor for future growth, despite criticisms of lagging behind competitors.
Collection
[
|
...
]