Apple nears $4 trillion valuation amid AI momentum

Apple may hit $4 trillion stock market valuation due to AI enhancements aimed at revitalizing sluggish iPhone sales. Currently valued at approximately $3.86 trillion, Apple shares surged by about 16% since early November, adding nearly $500 billion to its market capitalization, Reuters reported. Reportedly, Apple stands to sell upwards of 240 million iPhones in the 2025 fiscal year.