Apple, Inc. (NASDAQ:AAPL) shares have experienced a rebound this year, although their performance has lagged behind other mega-cap tech companies. The stock saw a rally on Wednesday, prompted by the announcement of the iPhone 15 launch date and the broader market’s strength, influenced by hopes of rate cuts.
A Diverse Portfolio: The increase in Apple’s stock value signifies the recognition that the company’s influence extends beyond being solely a handset manufacturer, noted CNBC Mad Money host Jim Cramer in a recent post on X, previously known as Twitter.
“The people who sold Apple into the big decline will not be able to get back in,” the stock picker said. “They simply don’t understand the power of the stock.. and the franchise value.”
This skepticism, Cramer believes, originates from the perception that …
