Apple’s $600 billion AI rally is fueled by investors betting against the AI boom...

Apple’s market value has risen amid investor views that its limited AI infrastructure spending positions the company to avoid risks from a potential backlash against heavy tech outlays. This stance differs from Microsoft, Google, Amazon and Meta, which have committed hundreds of billions of dollars to AI development.

The article focuses on Wall Street assessments of Apple’s strategy relative to broader AI investment trends among major technology firms.