*Walter Bloomberg|Feb 24, 2025 12:01
AAPL - Apple plans to spend more than 500 bln in US over next four years, shares down
Apple’s shares dipped 1.3% to 242.37 premarket as the company announced plans to invest over 500 billion in the U.S. by 2029. The iPhone maker aims to launch an AI server factory in Texas by 2026, create 20,000 R&D jobs nationwide, and partner with Foxconn to build a 250,000-square-foot server assembly facility in Houston for Apple Intelligence data centers. Apple’s stock has gained about 35% in the past year.
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