Following Tim Cook's departure, John Ternus has assumed the role of Apple CEO. Analysts suggest that while Cook's tenure saw Apple's stock surge by nearly 2,300%, Ternus faces the challenge of leading a more mature company that has lagged in the AI race. The company recently partnered with Google to build foundational AI models on Google Gemini's technology. Given these factors and Apple's current $4.6 trillion market cap and P/E ratio of 36 (above S&P 500 average of 30), analysts rate Apple stock as a hold at best, cautioning investors against expecting similar returns to the Cook era without new technological leadership from Ternus.