Is apple the smartest tech company right now?

With all this Ai craze I looked at stock valuations and saw something surprising apple is still top 3. Yet they are barely into the Ai race as we know it. It got me thinking, Microsoft first all lost about a trillion or so in valuation, because of ai, Meta is paying $100M- $Billions for Ai “talent” This got me thinking what’s so crucial about Ai ? I’m really trying to figure it out, they said jobs lost on a massive scale yet, Sam Altman is starting to pull back his statements, Sora got shutdown, Microsoft got renamed to Microslop and nobody uses copilot like that, Meta has so much spent on Ai yet I don’t see a return. Are these tech leaders high? I don’t really see that much improvement as they’re making it seem, I would be a fool to say ai won’t impact some aspects it will, but I think the tech world is over exaggerating it and Apple is proof, these lots aren’t even in the Ai race as a tech company and yet they’re still up there. Kind of says a lot about the Ai craze because if it was so detrimental to a major aspect of our lives apple should’ve gone down easily but the truth is most people don’t give af. Props to Apple