Post by Odysseus on Apr 25, 2024 4:57:08 GMT
Tesla's loss of $328.3 billion this year in stock value certainly hurts. But it's amazingly only the second-largest market value loss in the S&P 500.
The dubious distinction of shredding the most value this year goes to Apple (AAPL). The Johnny-come-lately to AI's market value is down $433.5 billion this year, says an Investor's Business Daily analysis of data from S&P Global Market Intelligence and MarketSurge.
To be sure, Apple's stock's 14% drop this year is smaller than Tesla's nearly 42% tumble. But given the sheer size of Apple, at $2.6 trillion, the loss in dollar terms is the largest in the S&P 500 by far.
Apple's lack of an AI strategy is hurting its shares. "We don't expect insights surrounding AI initiatives until AAPL holds its Developer's Conference on June 10," said CFRA analyst Angelo Zino. ...
The dubious distinction of shredding the most value this year goes to Apple (AAPL). The Johnny-come-lately to AI's market value is down $433.5 billion this year, says an Investor's Business Daily analysis of data from S&P Global Market Intelligence and MarketSurge.
To be sure, Apple's stock's 14% drop this year is smaller than Tesla's nearly 42% tumble. But given the sheer size of Apple, at $2.6 trillion, the loss in dollar terms is the largest in the S&P 500 by far.
Apple's lack of an AI strategy is hurting its shares. "We don't expect insights surrounding AI initiatives until AAPL holds its Developer's Conference on June 10," said CFRA analyst Angelo Zino. ...
