Apple soon to be valued at $4 trillion on the stock market

Apple shares are on the verge of hitting a record $4 trillion valuation, buoyed by a sharp rise in its price. The company’s recent advances in artificial intelligence (AI) and hopes of a recovery in iPhone sales have sparked excitement among investors.

Since early November, Apple’s stock has climbed about 16%, adding about $500 billion to its market capitalization. As of its most recent close, the tech giant’s valuation was about…