Apple Stock Will Outperform Nvidia Over The Next Year, Says Gene Munster: Investors Are 'Largely In Denial' About iPhone Maker's AI Opportunity
Portfolio Pulse from Benzinga Neuro
Gene Munster, a prominent tech analyst, predicts that Apple Inc. (NASDAQ:AAPL) will outperform Nvidia Corporation (NASDAQ:NVDA) over the next year due to its AI initiatives. Munster believes the market is underestimating Apple's potential in AI, despite Nvidia's significant contributions to the field.
May 30, 2024 | 1:21 am
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Gene Munster suggests that Nvidia may be outperformed by Apple over the next year despite Nvidia's strong performance and significant contributions to AI.
While Nvidia has shown strong performance and significant contributions to AI, Munster's prediction that Apple will outperform Nvidia could lead to a neutral short-term impact on Nvidia's stock as investors weigh this new perspective.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Gene Munster predicts that Apple will outperform Nvidia over the next year due to its AI initiatives. He believes the market is underestimating Apple's potential in AI.
Munster's prediction is based on Apple's AI initiatives, which he believes are undervalued by the market. This positive outlook could drive investor interest and boost Apple's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100