Apple, Nvidia Will Lead 3-To-5-Year Tech Bull Run, Analyst Says: 'I Am A Buyer Here'
Portfolio Pulse from Adam Eckert
Gene Munster from Deepwater Asset Management recommends buying big tech stocks, particularly Apple and Nvidia, as they are poised for a significant bull run driven by AI. Munster highlights upcoming events and catalysts, such as Apple's AI features and Nvidia's AI chip dominance, as reasons for potential stock price increases.
September 03, 2024 | 6:06 pm
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POSITIVE IMPACT
Gene Munster is bullish on Apple, expecting its upcoming AI features to drive a significant upgrade cycle and stock price increase. Apple's event on Sept. 9 is anticipated to be a major catalyst.
Munster believes Apple's new AI features will lead to a significant upgrade cycle, similar to past iPhone releases, potentially increasing iPhone growth to 15% next year. The upcoming event on Sept. 9 is expected to be a major catalyst for stock price appreciation.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Gene Munster is optimistic about Nvidia's position in the AI chip market, despite recent stock declines. He attributes the decline to misunderstandings about guidance and sees Nvidia as a key beneficiary of AI investments.
Munster attributes Nvidia's recent stock decline to misunderstandings about its guidance. He highlights Nvidia's dominance in the AI chip market and expects it to benefit from increased AI investments, suggesting potential stock price recovery.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 85