Apple Stock Hits Record Territory as Traders Sour on AI Spending

> Apple's decision to sit out the data center spending spree and instead pay Google for access to its frontier AI models is being increasingly seen by traders as an asset rather than a liability.

Apple pays Google. Google pays Apple. Reminds me of the early days of the internet when one company bought $1M of ads on another site, which bought $1M of ads on it.

Huge revenue claimed, when there was none.

Too bad for me that contractors and PG&E don't accept funny money.