Apple Shares Hit by AI Boom, Projected to Lose Nearly $500 Billion in Value

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Finance

1 August 2026 at 3:28 am

Apple Shares Hit by AI Boom, Projected to Lose Nearly $500 Billion in Value

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Summary

Apple is projected to lose nearly $500 billion in value as its shares are impacted by the AI boom. CEO Tim Cook described the shortages as 'very significant' amidst what he called the latest 'RAMageddon' hit.

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