The drop would mark the stock’s worst day since the pandemic-driven sell-off in March 2020, just days after it touched the $US5 trillion mark on Wall Street.

Share price rally driven by strong product demand as well as decision to sit out AI spending race, amid wider tech sell-off

The iPhone maker reclaimed its position as the world’s most valuable public company as strong hardware and services revenue, combined with limited spending on AI infrastructure,…

Shares of the company were down more than 4% in extended trading on Wednesday, while Apple shares were flat.