Apple becomes second $5T company as investors flee AI stocks
theguardian.comI 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?
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.
No but people have to bet all their money to get rich and retire early so everyone is leveraged and pumping the stock market
Ok but like how has their valuation gone up 5x? I don't see how people betting their money and valuation going up is related. Sorry if this is a stupid question, I really don't know anything about the stock market.