Investors sell off AI stocks amid risk aversion, Apple’s market value rebounds by nearly $600 billion

```htmlGolden Ten Data reported on July 13 that as concerns about AI-related investment spending intensify, investors are returning to Apple (AAPL.O) and avoiding AI concept stocks such as chipmakers and cloud computing giants. Apple's share price dropped last month after the disappointing showcase of its upcoming AI features, but has rebounded 15% since bottoming out on June 25, with its market value increasing by nearly $600 billion and the share price returning to historic highs. This reversal in Apple's stock price reflects the market's growing concerns over whether massive AI investments can deliver returns. Although Apple's AI products have repeatedly disappointed investors, its decision not to participate in the data center "arms race" is increasingly seen as an advantage. Mark Bronzo, Chief Investment Strategist at Rye Strategic Partners, said: "The market is playing a game, and right now Apple is benefiting because it is not caught in the storm faced by other AI concept stocks. There are fears about what returns hyperscalers' huge spending on AI will achieve, and some believe that semiconductor stocks are overpriced. Therefore, investors are returning to stable stocks like Apple, which are not exposed to these risks."```