Apple's AI-driven trust premium erodes as existential risk concerns mount

Financial Times reports that markets were already signaling discomfort with Apple's valuation before the latest wave of worries about existential risk from AI. The piece suggests that the 'trust premium' investors have historically granted Apple is being questioned as AI-related uncertainties grow. This matters because Apple's valuation and market positioning are increasingly tied to AI narrative, and any erosion of that premium could pressure tech equities broadly.