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   Apple is the underdog again
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   Plus: SpaceX targets a $1.75 trillion valuation.
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          Thursday, April 2, 2026
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           Tony Korody / 
Sygma via Getty Images
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          Apple 50 years in: From garage startup to AI underdog
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          On April 1, 1976, three people signed paperwork in a garage in Los Altos and officially founded Apple Computer. One of them was gone in 12 days. The other two stuck
around long enough to change the world.
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          <br/>
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          That bumpy start eventually produced the most valuable company on earth, the computer in your back pocket, and a culture that turned a half-eaten fruit logo into a personality. But half a century in, Apple is, weirdly, an underdog again.
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          As the world has become obsessed with AI, Apple has faltered. The AI overhaul of Siri that Apple promised its users has slipped, with no firm timeline. Its stock spent much of 2025 in the Magnificent Seven's basement. The 
company that once made the future look inevitable has spent the last couple of years looking like it's chasing it.
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          Still. Almost two decades of App Store economics built a billion loyal users and a developer ecosystem that might now pay off again.
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           Today's Poll
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          <h2 style="mso-line-height-rule:exactly;Margin:0;font-family:Arial;font-size:20px;font-weight:bold">
           Was Apple right to avoid the AI arms race?
          </h2>
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               <table align="center" border="0" cellpadding="0" cellspacing="0" style="border:none; border-spacing: 0; border-collapse: collapse; mso-table-lspace:0; mso-table-rspace:0; mso-margin-top-alt:0px; mso-margin-bottom-alt:0px; mso-padding-alt: 0px 0px 0px 0px;" width="100%">
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border: 1px solid #105C8E; display: block; " target="_blank">
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                          <td align="center" bgcolor="#105C8E" style="text-align:center;-webkit-border-radius:6px;-moz-border-radius:6px;border-radius:6px;font-size:16px;font-family:Arial,Helvetica,sans-serif">
                           <!--[if 
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                           <a style="-webkit-border-radius: 6px; -moz-border-radius: 6px; border-radius: 6px; color: #FFFFFF; text-decoration: none; font-family: Arial; font-size: 16px;  border: none; display: block; ">
                            Yes, it saved billions of dollars
                           </a>
                           <!--<![endif]-->
                           <!--[if mso]><a href="https://www.ne16.com/t/10531095/222404108/9498269/1/1009235/?abb9e380=NGYzZmQyODYtMmZhOS00YzdjLWFkYzktMzQyOGNhZmI3ZDBl&f5d63f87=REIlMjAwNC0wMiUyMCUyOFVTJTI5&x=e5b83dad" target="_blank"
style="-webkit-border-radius: 6px; -moz-border-radius: 6px; border-radius: 6px; color: #FFFFFF; text-decoration: none; font-family: Arial; font-size: 16px;  border: none; display: block; ">Yes, it saved billions of dollars</a><![endif]-->
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                      <td align="center" bgcolor="#105C8E" style="text-align:center;vertical-align:middle;-webkit-border-radius:6px;-moz-border-radius:6px;border-radius:6px;font-size:16px;font-family:Arial,Helvetica,sans-serif" valign="middle">
                       <table bgcolor="#105C8E" cellpadding="0" cellspacing="0" style="-webkit-border-radius: 6px; -moz-border-radius: 6px; border-radius: 6px; " width="100%">
                        <tbody>
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                          <td align="center" bgcolor="#105C8E" style="text-align:center;-webkit-border-radius:6px;-moz-border-radius:6px;border-radius:6px;font-size:16px;font-family:Arial,Helvetica,sans-serif">
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                            No, it hasn't improved its lineup
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                           <!--<![endif]-->
                           <!--[if mso]><a href="https://www.ne16.com/t/10531095/222404108/9498270/1/1009235/?abb9e380=NGYzZmQyODYtMmZhOS00YzdjLWFkYzktMzQyOGNhZmI3ZDBl&f5d63f87=REIlMjAwNC0wMiUyMCUyOFVTJTI5&x=d6a5b449" target="_blank"
style="-webkit-border-radius: 6px; -moz-border-radius: 6px; border-radius: 6px; color: #FFFFFF; text-decoration: none; font-family: Arial; font-size: 16px;  border: none; display: block; ">No, it hasn't improved its lineup</a><![endif]-->
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                      <td align="center" bgcolor="#105C8E" style="text-align:center;vertical-align:middle;-webkit-border-radius:6px;-moz-border-radius:6px;border-radius:6px;font-size:16px;font-family:Arial,Helvetica,sans-serif" valign="middle">
                       <table bgcolor="#105C8E" cellpadding="0" cellspacing="0" style="-webkit-border-radius: 6px; -moz-border-radius: 6px; border-radius: 6px; " width="100%">
                        <tbody>
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                          <td align="center" bgcolor="#105C8E" style="text-align:center;-webkit-border-radius:6px;-moz-border-radius:6px;border-radius:6px;font-size:16px;font-family:Arial,Helvetica,sans-serif">
                           <!--[if 
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                            If it still runs AI models, it wins anyway
                           </a>
                           <!--<![endif]-->
                           <!--[if mso]><a href="https://www.ne16.com/t/10531095/222404108/9498271/1/1009235/?abb9e380=NGYzZmQyODYtMmZhOS00YzdjLWFkYzktMzQyOGNhZmI3ZDBl&f5d63f87=REIlMjAwNC0wMiUyMCUyOFVTJTI5&x=de9ee5db" 
target="_blank" style="-webkit-border-radius: 6px; -moz-border-radius: 6px; border-radius: 6px; color: #FFFFFF; text-decoration: none; font-family: Arial; font-size: 16px;  border: none; display: block; ">If it still runs AI models, it wins anyway</a><![endif]-->
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          <span style="font-family:Arial;font-size:24px">
           Here's what you need to know
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              <img alt="Cavan Images / Peter Essick / Getty Images" class="img100" data-linktype="Normal" data-target="_blank" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fqz.com%252Fcdn-cgi%252Fimage%252Fwidth%253D640%252Cheight%253D360%252Cfit%253Dcover%252Cquality%253D85%252Cformat%253Dauto%252Fhttps%253A%252F%252Fassets.qz.com%252Fmedia%252FGettyImages-2266450472.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZxei5jb20lMkZjZCIsInRpbWUiOjE3NzUxMjQyMDIuODU5NDczN30:1w8EtW:OF-UW_K3-WrVQVO0JUPkUBUqn6kIGZ6lxMMwacovEro" style="width:200px;max-height:338px;vertical-align:middle;border:0" width="200"/>
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                Healthcare powers private sector hiring in March.
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               Nearly 94% of the 62,000 jobs added in March came in education and health services, according to a new ADP report. "If your skills and experience aren't in this sector," NerdWallet senior economist Elizabeth 
Renter warned, "you're likely facing a tough time."
              </span>
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               <a data-linktext="U.S. factory activity hits 3.5-year high amid supply chain fears." data-linktype="Normal" style="color:#105C8E" target="_blank">
                U.S. factory activity hits a multiyear high amid supply chain fears.
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               The ISM 
Manufacturing PMI rose to 52.7% in March, recording the fastest expansion since August 2022. But the Iran war also drove input prices to their steepest level in nearly four years. Respondents said the unrest is already causing shipping delays.
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                Anthropic accidentally leaks its own source code for Claude Code.
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               The leak reportedly revealed roughly 500,000 lines of code across approximately 1,900 files. The company 
said no sensitive customer data or credentials were exposed.
              </span>
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                Jamie Dimon says JPMorgan Chase might get into prediction markets.
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               The JPMorgan 
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