Apple's July 30 Earnings Could Propel Market Cap to $5 Trillion on Low-Cost AI Deal
Apple stock rebounded after it struck a deal to license Alphabet's Gemini large language model for $1 billion annually, a fraction of the $200 billion each Amazon and Alphabet plan to spend on AI in 2026. This cost-efficient AI strategy has boosted investor confidence ahead of Apple's earnings report on July 30. The author predicts that Apple could become the second company to reach a $5 trillion market valuation on that day.