Brad Gerstner Bought Nvidia Stock When 'Everybody Said Sell': Now He's Buying Apple Stock At All-Time Highs
Portfolio Pulse from Adam Eckert
Brad Gerstner, founder and CEO of Altimeter Capital, has become more bullish on Apple Inc (NASDAQ:AAPL) as the company unveils new AI-powered features at its annual developers conference. Gerstner announced on CNBC that he bought Apple stock ahead of the 2024 WWDC, citing Apple's positioning in the premium consumer space and its partnership with OpenAI. He believes Apple will be a key player in the AI race. Gerstner also continues to be bullish on Nvidia Corp (NASDAQ:NVDA), which he has been buying since late 2022, predicting an 'AI supercycle.'
June 11, 2024 | 6:31 pm
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Brad Gerstner has become more bullish on Apple Inc (AAPL) as the company unveils new AI-powered features at its annual developers conference. He bought Apple stock ahead of the 2024 WWDC, citing Apple's positioning in the premium consumer space and its partnership with OpenAI.
Gerstner's bullish stance and purchase of Apple stock ahead of a major event like WWDC, combined with the company's new AI features and partnership with OpenAI, are likely to positively impact Apple's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Brad Gerstner continues to be bullish on Nvidia Corp (NVDA), which he has been buying since late 2022. He predicted an 'AI supercycle' and expects Nvidia shares to outperform in 2024 and into 2025.
Gerstner's continued bullish stance on Nvidia, despite its significant price increase, and his prediction of an 'AI supercycle' suggest a positive short-term impact on Nvidia's stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 80