Apple shares rose 2% premarket after strong holiday quarter forecasts for iPhone 17 sales. Despite supply chain delays in China, investors are optimistic about Apple’s market capitalization crossing $4 trillion. Concerns about AI integration have been allayed, with Apple taking a steady approach to innovation. Amazon and Apple remain underperformers among tech giants, but Amazon saw a boost in stock price due to cloud growth. Apple’s stock trades at a premium to Microsoft and Meta Platform based on profit expectations.

Read more at Yahoo Finance: Apple shares rise as iPhone holiday sales forecast soothes supply woes