Why Apple Stock Is Up Today
As competitors spend enormous sums, the tech titan's financial discipline is being rewarded.
Overview
Shares of Apple (NASDAQ: AAPL) climbed to near record highs on Friday, as investors applauded the iPhone maker's relatively modest artificial intelligence (AI) investments.
Image source: The Motley Fool.
Hyperscalers and other tech giants are spending staggering sums to build out their artificial intelligence (AI) infrastructure networks. For just two examples, Amazon and Alphabet are planning to spend a stunning $200 billion each in 2026 alone.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.