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The Zhitong Finance App learned that on Monday, while AI technology stocks were falling, Apple (AAPL.US) bucked the trend and rose more than 2% to 322.37 US dollars/share, a new record high, with a total market value of 4.74 trillion US dollars. Investors are turning back to Apple as concerns about AI spending are dragging down the stocks of chipmakers and cloud computing giants. The stock's reversal reflects growing unease about whether high AI spending will pay off, and Apple's decision not to participate in the data center arms race is increasingly being viewed as an asset rather than a liability, even though its AI products have repeatedly frustrated investors.
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The Zhitong Finance App learned that on Monday, while AI technology stocks were falling, Apple (AAPL.US) bucked the trend and rose more than 2% to 322.37 US dollars/share, a new record high, with a total market value of 4.74 trillion US dollars. Investors are turning back to Apple as concerns about AI spending are dragging down the stocks of chipmakers and cloud computing giants. The stock's reversal reflects growing unease about whether high AI spending will pay off, and Apple's decision not to participate in the data center arms race is increasingly being viewed as an asset rather than a liability, even though its AI products have repeatedly frustrated investors.
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