Has Apple's Stock Peaked?

Last week, tech giant Apple (NASDAQ: AAPL) briefly became the world's most valuable company again. It's a title it has held in the past, but amid the excitement around artificial intelligence (AI) opportunities, Nvidia has often held that crown in recent years.

Apple reclaiming that title, albeit briefly, is still symbolic of just how hot it's been of late. Investors have gravitated toward its cautious AI strategy and reluctance to spend lavishly on investments and opportunities that may not pan out, viewing it as a safer tech stock than its peers.

But amid its rally over the past year, has Apple's stock become too rich? Is the stock too expensive to buy right now?

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Source Fool.com