As Nvidia Closes In On Apple's Market Cap, Munster Explains Why Cupertino Could Generate Better Returns Over Next Year
Portfolio Pulse from Shanthi Rexaline
Nvidia's market cap is nearing $3 trillion, driven by its leadership in AI technology, while Apple remains slightly ahead. Gene Munster of Deepwater Asset Management suggests Apple could generate better returns over the next year due to its AI potential, despite a possible short-term dip following the Worldwide Developer Conference keynote.
June 04, 2024 | 12:13 pm
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Gene Munster suggests Apple could generate better returns over the next year due to its AI potential, despite a possible short-term dip following the Worldwide Developer Conference keynote.
Gene Munster's analysis indicates that Apple's AI potential is underestimated by the market. Despite a possible short-term dip following the WWDC keynote, the integration of AI into Apple's product line is expected to drive higher returns in the long term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
Nvidia's market cap is approaching $3 trillion, driven by its leadership in AI technology. The stock ended Monday up 4.90% but edged down 0.10% in premarket trading.
Nvidia's strong performance and leadership in AI are driving its market cap close to $3 trillion. The positive reaction to Jensen Huang’s Computex 2024 keynote has boosted investor confidence, leading to a significant stock price increase.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100