Apple (AAPL.US) Is the Real "Answer" to AI Investing? Reaches $5 Trillion Again Amid Semiconductor Selloff, Foldable iPhone and AI Home Ignite Growth Imagination

Zhitong Finance APP has learned that, as the Philadelphia Semiconductor Index fell for five consecutive days with a cumulative drawdown of nearly 10%, U.S. consumer electronics giant Apple (AAPL.US) rose intraday on October 13 to a record high of $348.15, with its market capitalization once again surpassing $5 trillion, before closing at $341.27, giving it a market value of about $4.98 trillion. In the view of the strategist team at Wall Street financial giant Bernstein, expensive high-end foldable screens contribute extremely strong iPhone upgrade momentum and a high-priced product mix, while AI smart home products significantly strengthen the interaction entry points and service touchpoints of Apple's consumer electronics ecosystem, with the two together broadening sources of growth. The institution maintained its bullish "outperform" rating on Apple and a $370 price target, implying about 10% further potential upside.