U.S. stocks movement | Apple (AAPL.US) rises nearly 2% to a new all-time high, becoming Wall Street's top choice for hedging AI risks

According to Zhitong Finance APP, on Friday, Apple (AAPL.US) rose nearly 2% at the opening, continuing to reach a new all-time high. Year-to-date, it has increased by 32%, with a total market value reported at $5.23 trillion. Apple's stock is becoming a key target for Wall Street to hedge against declines in AI tech stocks, mainly because Apple has not joined the wave of massive spending on artificial intelligence infrastructure, and its ample cash flow provides investors with a safe haven.