Apple’s Valuation Premium Confronts AI Jitters

The runup in Apple shares in recent months has left the iPhone maker little room for disappointment when it reports earnings after the bell on Monday. The gains have left the stock trading at the priciest levels since 2008, making it particularly vulnerable if the company’s results fall short of expectations. At roughly 36 times earnings expected over the next 12 months, the shares are almost twice as expensive as the S&P 500 Index, according to data compiled by Bloomberg. We preview Apple's results with Anurag Rana, Senior Tech Analyst for Bloomberg Intelligence. (Source: Bloomberg)