00:00It's Benzinga, bringing Wall Street to Main Street.
00:03Apple's stock has rebounded after a weak first half of 2025, gaining 35% since June,
00:08while major AI-focused tech peers fell into the red, according to Bloomberg.
00:13Investors are rewarding Apple's reluctance to join the AI spending surge,
00:17which has helped it overtake Microsoft in market value and close in on NVIDIA.
00:22Analysts said Apple avoided the heavy capital expenditures tied to AI development
00:26and is positioned to benefit when the technology becomes profitable for mass use.
00:31Apple now trades at about 33 times forward earnings,
00:34making it one of the most expensive stocks in the Magnificent Seven.
00:37Berkshire Hathaway trimmed its Apple stake in the third quarter,
00:40though it remains its largest equity holding.
00:43Some analysts warned the stock may be due for a near-term pullback,
00:46while noting that its long-term trend remains bullish.
00:49For all things money, visit Benzinga.com.
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