All the same positive drivers for $Apple(AAPL)$ remain in place. This is the case even as the tech sector faces turmoil and the S&P nears correction territory. With $Microsoft(MSFT)$ and $Meta Platforms, Inc.(META)$ now deeply in a downturn, off more than 30% from their highs, it seems Apple is poised once again to lead the group of major tech stocks.
Without looking too deeply into the numbers, is there a simple statistic that differentiates $Apple(AAPL)$ from the rest of the big cap companies? $Apple(AAPL)$ consistently uses 80% of its FCF on buybacks of its stock. Me? I like that.
A run-up can occur rapidly and intensely once the narrative improves. More money can be made from $Microsoft(MSFT)$ returning to its average PE ratio than from $Alphabet(GOOG)$ inflating its PE ratio further.