Big Tech
Apple Without AI Looks More Like Coca-Cola Than High-Growth Tech
- Nasdaq 100 is beating Apple by most to start a year since 2013
- ‘It’s become more of a value stock,’ says Osaic’s Blancato
Apple still generates massive revenues, but whether that can keep increasing at the pace investors have come to expect is an open question.
Photographer: Justin Sullivan/Getty ImagesThis article is for subscribers only.
For two decades, no company better embodied the promise of the stock market than Apple Inc. Its transformation from niche computer maker to the most valuable corporation on the planet made its shares a cornerstone of investment portfolios worldwide.
But in what seems like a blink of an eye, Apple’s sheen is starting to fade. Artificial intelligence is the story in technology now, driving the kind of growth that the company used to count on from selling its gadgets and services to eager consumers across the globe.