Apples Stock price is has pretty much remained flat YTD whereas Google, Meta and Microsoft have ballooned thanks to the AI hype. > The executive team is saying

Apples Stock price is has pretty much remained flat YTD whereas Google, Meta and Microsoft have ballooned thanks to the AI hype. > The executive team is saying "the best thing we can think of to spend this money on is shrinking the company". That's not a good sign, even if they are also spending big on R&D. As an executive, buying back shares makes a lot of sense if you believe that your company is currently undervalued and you have a large cash pile. Tim Cook seems to be very optimistic about Apple's future [1], so doing a buyback in the current market might be a smart move. [1] https://finance.yahoo.com/news/apple-ceo-tim-cook-boasts-of-future-ai-plans-after-earnings-beat-214757677.html https://finance.yahoo.com/news/apple-ceo-tim-cook-boasts-of-...