Apple is closing in on a historic $4 trillion stock market valuation, powered by investors cheering progress in the company's long-awaited AI enhancements to rejuvenate sluggish iPhone sales.

Apple Inc. is on the verge of achieving a $4 trillion market valuation, a record-breaking milestone in the tech industry. The surge is fueled by investor confidence in the company’s push into artificial intelligence (AI) and hopes for a revival in iPhone sales.

Apple is closing in on a historic $4 trillion market valuation as investor enthusiasm for its AI strategy and expected iPhone supercycle drive a 16% share surge since November. Apple Nears $4 Trillion Market Cap Amid

In a declaration filed on Monday, Apple's senior vice president of services, Eddy Cue, asserted that Apple has no interest in creating its own search engine and would prefer to continue to use Google.

Apple has asked to participate in Google's upcoming U.S. antitrust trial over online search, saying it cannot rely on Google to defend revenue-sharing agreements that send the iPhone maker billions of dollars each year for making Google the default search engine on its Safari browser.

Apple (AAPL) has taken a significant step in the ongoing antitrust saga surrounding Google’s search engine dominance, requesting to participate in the upcoming US trial. This move underscores the iPhone maker’s concern about its revenue-sharing agreements with Google,