Tesla Investor Ross Gerber Says 'Vision Pro Is Awesome' After Apple's Recent Stock Rout: 'It's Gen 1. I'm Telling You'
Portfolio Pulse from Benzinga Neuro
Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management, praised Apple Inc's Vision Pro on social media, despite Apple's recent stock decline. Gerber, a long-time investor in Apple, believes that Vision Pro, a virtual reality and video headset, will lead to significant stock growth for Apple, especially with the company's focus on Gen AI after abandoning its EV project. This comes amid challenges for Apple, including a predicted further 5% drop in shares due to issues in China and a European Commission fine. Despite mixed reviews and a high starting price for Vision Pro, analysts warn against selling Apple stock before its AI developments.
March 07, 2024 | 6:58 am
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POSITIVE IMPACT
Ross Gerber's endorsement of Apple's Vision Pro and his belief in its potential to drive significant stock growth for Apple, despite current challenges, could positively influence investor sentiment.
Gerber's positive outlook on Vision Pro, especially considering his status as a long-time Apple investor and his previous accurate predictions, could instill confidence in other investors about Apple's future prospects. This, combined with warnings from analysts about the potential mistake of selling Apple stock too early, suggests a positive short-term impact on Apple's stock, despite the recent 10.71% decline and external market challenges.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90