I know nothing about economics or finance, but how is it that the first $1T dollar company was Apple and that didn't happen until 2018 and now it's a $5T dollar company just 8 years later. Did Apple really become 5x richer in that time?
Apple seems to be well positioned to profit from AI without investing to much. Other major companies are very AI exposed and people like Apple positioning.
Generally lots of money flowing around bidding up the top companies.
Ok but like how has their valuation gone up 5x? I don't see how people betting their money and valuation going up is related. Sorry if this is a stupid question, I really don't know anything about the stock market.