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AI infrastructure stocks stumble as Apple tops $5 trillion market value

AI infrastructure-related stocks fell on worries that corporate spending on AI may not rise fast enough to support current investment levels. Dell shares sank 11 percent and Hewlett Packard Enterprise, Oracle and Super Micro also declined. Barclays cut ratings on Dell, HPE and NetApp, citing recent share surges and a later timeline for corporate AI adoption. Apple, long viewed as behind in AI, closed with a $5 trillion market value, the second company after Nvidia to do so.