2024-09-07 09:00:08
Stocks
Tech
Artificial Intelligence
Apple: The Supercharged Growth Stock Set to Reach $4 Trillion
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The Street
Technology
Economy
Finance
Citi analyst Atif Malik moves Apple to 'top AI pick into 2025' with buy rating and $255 price target, while Morgan Stanley's Erik Woodring maintains overweight rating and $273 price target, expecting AI integration on iPhone 16. Hedge fund Third Point believes AI demand can boost Apple's revenue and earnings, with Apple shares rising 23% in Q2.
Yahoo News
Forget Nvidia: Meet the Supercharged Growth Stock Headed to $4 Trillion Over the Coming 12 to 18 Months, According to 1 Wall Street Analyst
Technology
Finance
Apple, the iPhone maker, is a supercharged growth stock poised to reach a $4 trillion market cap in 12-18 months. With a pedigree of 225,071% gains since its IPO in 1980 and 792% gains over the past 10 years, the company has seen 104% revenue growth and 153% net income growth over the past decade. Additionally, there are 300 million active iPhones that haven't been upgraded in over 4 years, setting the stage for an AI-driven "super cycle." Apple is expected to sell 240 million iPhones in fiscal..
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