For quite some time, the narrative has been that Apple has fallen behind in the AI arms race, but that very quality is now making it appealing to investors looking for an AI safe play. Bloomberg first reported on Wednesday that Appleâs stock isnât closely tracking other major tech and AI names. The iPhone makerâs 40 day correlation to the Nasdaq 100 Index, which tracks the largest companies listed on the exchange, has fallen to its lowest level since 2006. The figure measures how closely...
