According to Lex Sokolin (@LexSokolin), Apple ($AAPL) has increased its market capitalization by $2 trillion from 2020 to 2025, even though its profits and losses (P&L) have remained flat during this period. Verified analyst consensus points to several concrete trading-relevant factors: investor optimism about Apple's ecosystem expansion, sustained share buybacks, and increased AI-driven services revenue have contributed to higher valuation multiples, as noted in earnings transcripts and market reports (source: Bloomberg, Apple Q1 2025 Earnings). Furthermore, the tech sector's strong momentum and the shift in institutional portfolios toward mega-cap stocks have disproportionately benefited Apple, impacting related crypto tokens such as tokenized equity derivatives and tech-indexed cryptocurrencies (source: CoinShares). Traders should closely watch correlations between AAPL's valuation trends and crypto market sentiment for strategic positioning.