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Thanks to the recent gains, Apple (AAPL) stock has turned positive for the year, and while the 2% return is not something that the iPhone maker would want to brag about, it is nonetheless a turnaround of sorts, as the stock was in the red for the most part this year, in part because of what many see as a laid-back and unimpressive artificial intelligence (AI) strategy.
Notably, Apple, which was the first-ever U.S. company to have a market cap of $1 trillion—and then $2 trillion, as well as $3 trillion—lost out in the race to reach a $4 trillion market cap, which was first scaled by Nvidia (NVDA) and then subsequently by Microsoft (MSFT).