Has Apple's Stock Peaked?

Investors have gravitated toward its cautious AI strategy and reluctance to spend lavishly on investments and opportunities that may not pan out, viewing it as a safer tech stock than its peers. Continue »But amid its rally over the past year, has Apple's stock become too rich? Apple's stock looks more expensive than normalWhile Apple's stock has been trading lower in recent days, its valuation remains fairly high. The chart below shows what kind of earnings multiple Apple has averaged over the past decade. The stock could be due for more of a declineI don't think Apple is a stock that's worth its current valuation.