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Barchart
Barchart
Aditya Raghunath

Is Apple Stock a Buy Ahead of Its Big AI Reveal?

Apple (AAPL) is among the largest companies in the world. Valued at a market cap of $2.6 trillion, Apple stock has returned 705% in the past 10 years and a monstrous 36,750% since April 2004, easily crushing the broader market's returns. 

However, in the last six months, Apple has underperformed equity benchmarks, including the S&P 500 Index ($SPX), due to various issues - including regulatory concerns, sluggish growth, and slowing iPhone sales in China. 

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