Apple is expected to unveil its big generative AI push with new capabilities for the iPhone. But don’t expect generative AI itself to spur a new iPhone sales supercycle this year.
The three members each boast a market value above $3 trillion through Wednesday’s close, while Alphabet is hovering around $2.177 trillion, according to Dow Jones Market Data. There are two classes of Alphabet stock that trade significant volume, but they trade for similar prices, around $181, and overall there are about 12.4 billion shares outstanding. Stock prices, and market values, are a function of earnings and valuation multiples.
Tech firm earlier committed to storing less data about individuals in response to privacy concerns