Meta \u2013 up by $148 billion, Apple \u2013 down by $70 billion. Is that the AI wake-up call the iPhone 16 needs?\u060c<\/p>\n
Fortuna's wheel turns and turns, and now it's time for Meta to increase its stock value, while Apple – once again at the top of Fortune's list of most admired companies – is losing .<\/p>\n
Meta and Amazon added a combined $280 billion in stock value Thursday evening after reporting quarterly results that impressed investors, while Apple's value fell by $70 billion (via Reuters<\/a>).<\/p>\n Meta made a big move \u2013 more than 14% to a record high of $451, increasing the market capitalization of Facebook's parent company by $148 billion, to $1.16 trillion.<\/p>\n Then there is Apple. While Cupertino's giant quarterly results beat analysts' expectations, its sales in China were underperforming, missing estimates, and its stock fell 3.3%. \u201cApple faces stiff competition in China, which has worried Wall Street in recent months,\u201d the report said.<\/p>\n Additionally, Reuters notes that investor optimism about generative AI led to a rally in the U.S. stock market's most valuable companies last year, with many hitting all-time highs over the past year. of the last sessions.<\/p>\n For example, in January, Microsoft overtook Apple as the world's most valuable company, with investors viewing Apple as lagging behind in the AI \u200b\u200brace among Wall Street's tech heavyweights. More than ten analysts consulted by Reuters agreed that Microsoft's lead over Apple in stock value would likely grow over the next five years thanks to its early advantage in AI.<\/p>\n \u201cFor Apple to accelerate its growth, we would need either a hardware contribution from new products like the Vision Pro, or an AI-driven generative cycle through the iPhone<\/a> 16,\u201d said Gil Luria , analyst at DA Davidson, following the results.<\/p>\n
Apple CEO Tim Cook assured investors they were working on something: “We have some things we're super excited about that we'll talk about later this year.” However, this can't change the fact that Apple is simply behind in the AI \u200b\u200bpart and such a failure can have very real consequences.<\/p>\n