Apple becomes second $5T company as investors flee AI stocks

ddevonnull about 12 hours ago 3 commentsRead Article on theguardian.com

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Discussion (3 Comments)Read Original on HackerNews

michaelfm1211•about 10 hours ago

I know nothing about economics or finance, but how is it that the first $1T dollar company was Apple and that didn't happen until 2018 and now it's a $5T dollar company just 8 years later. Did Apple really become 5x richer in that time?

tm84•about 5 hours ago

No but people have to bet all their money to get rich and retire early so everyone is leveraged and pumping the stock market

panick21_•about 3 hours ago

Apple seems to be well positioned to profit from AI without investing to much. Other major companies are very AI exposed and people like Apple positioning.

Generally lots of money flowing around bidding up the top companies.