The Cupertino company may need another iPhone moment if it continues to fall behind in the AI race.
Apple’s position as the world’s most valuable company is no longer something investors can take for granted. As of Monday morning, Jan. 29, the house that Steve Jobs built has dipped below the $3-trillion threshold and is currently chasing Microsoft for the top slot.
The two companies have been ping-ponging first and second place since mid-2023, when Microsoft briefly surpassed Apple as the world’s most valuable company for the first time that year.
While second place is still pretty good — the nearest competitors today are Saudi Aramco and Alphabet (Google), both trailing by nearly $1 trillion — many analysts believe Apple is poorly positioned to take on the AI-focused companies at the top of the list.
