Apple Had the Cash to Buy Any of 486 S&P 500 Companies, but Tim Cook Bet $851 Billion on This Instead
Key Points Despite the company largely staying out of the AI race, Apple stock has performed well in 2026, continuing its long winning streak. Much of the company’s incredible earnings power has been directed toward share repurchases. Incoming CEO John Ternus should maintain this capital allocation policy that was established under Tim Cook’s leadership. 10…