CUPERTINO, Aug. 1: Apple is facing the possibility of losing its position as the world’s most valuable company after concerns over artificial intelligence (AI) chip shortages and a weaker-than-expected financial outlook triggered a sharp decline in its share price.
According to media reports, analysts believe Apple’s supply chain could come under pressure due to the ongoing AI chip shortage, raising concerns about the company’s ability to meet future demand for its products and services.
Market experts also noted that slower-than-expected growth in Apple’s services business, combined with supply chain challenges, has increased investor uncertainty. These concerns have added to pressure on the company’s stock.
A weaker financial forecast has further dampened investor confidence, contributing to a significant sell-off in Apple shares.
According to Reuters, Apple’s stock fell by nearly 10 percent on Friday, putting the company at risk of losing approximately $500 billion in market value. If sustained, the decline could threaten Apple’s standing as the world’s most valuable publicly traded company.
Investors are expected to closely monitor Apple’s upcoming business performance, AI strategy, and supply chain developments to assess whether the company can regain market confidence and maintain its leadership in the global technology sector.
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