Wall Street Warms to Apple's Restrained AI Strategy as Stock Hits Record High

Apple shares have climbed to an all-time high, gaining more than 20% over the past three months and outpacing every other member of the so-called Magnificent 7, as investors increasingly reward a deliberately low-cost approach to artificial intelligence. Once dismissed as a laggard in the AI race, the company is now being credited on Wall Street for sidestepping the enormous capital outlays that rivals are pouring into data centers.