From Fortune Magazine:

Apple has had a difficult start to 2024 as it has had declining stock prices and ratings. Investors are switching up their portfolios at the beginning of the year, and Apple has lost around $164 billion in market value. A similar company, Microsoft, is seeing gains in its stock prices.

Apple stock has been fluctuating between gains and losses and has lost around $164 billion in value so far. This has never happened at the start of the year in the past. The company is likely to continue experiencing stress on the stock market.

Investors are selling their winners and buying losers, which is placing more stress on Apple’s stock prices. Meanwhile, other companies like Microsoft are seeing gains in stock value.

Microsoft, on the other hand, is seeing gains in its stock price. This is likely due to the company’s investment in artificial intelligence and related ventures.

Microsoft has benefitted greatly from recent interest in artificial intelligence and related investments. The company is the largest shareholder in OpenAI and has invested billions in the ChatGPT parent.



Read more: Apple risks losing its status as the world’s most valuable company after a stock plunge erased a stunning $164 billion