Apple briefly reclaimed its title as the world’s most valuable company, fueled by investor confidence in its measured AI strategy—but at a steep price. Shares now trade at 35 times earnings, far above the S&P 500 average and Apple’s own historical norms. Strong quarterly sales can’t fully offset looming supply chain risks and rising costs, sparking concerns that the stock is overvalued. Some analysts predict a pullback as profit-taking accelerates, leaving investors wondering if other growth stocks offer better value right now.

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