Apple With No Artificial Intelligence Looks More Like Coca-Cola Than High-Growth Tech
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For two decades, no company better embodied the promise of the stock market than Apple Inc. Its transformation from niche computer maker to the most valuable corporation on the planet made its shares a cornerstone of investment portfolios worldwide.But in what seems like a blink of an eye, Apple's sheen is starting to fade. Artificial intelligence is the story in technology now, driving the growth that the company used to count on from selling its gadgets and services to eager consumers across the globe. This has Apple in a quandary. Its revenue expansion is stagnating, and the stock is underperforming the Nasdaq 100 by about 16 percentage points, the most to start a year since 2013. The company still generates massive revenues, but whether that can keep increasing at the pace in...