Flirting with $5 trillion, Apple has never been more valuable—or a riskier bet for investors

Around mid-day on July 28, Apple stock jumped around 3% to achieve, for the first time, a market cap of $5 trillion, hitting a number that only one enterprise, Nvidia, had ever reached. A few days before, in fact, Apple had surged past the GPU giant to regain its mantle as the world’s most valuable company (Nvidia’s recently retreated to $4.79 trillion). Looks like Apple got its most recent boost from a Bloomberg report that the iPhone-maker is planning a big push into the smart home market by launching a new Siri-powered home hub and updated Apple TV, alongside a fresh HomePod mini, all of which could potentially hit the market by this fall. Plus, Apple used to get brickbats from Wall Street for its super-cautious approach in AI investment. Now that it appears the hyper-scalers may be overbuilding data centers en route to a glut, the analysts and money managers are applauding Apple’s restraint.

Still, the recent moonshot in Apple’s stock poses a tough choice for folks and funds mulling........

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