Morgan Stanley sees Apple rallying more than 20%, says investors should look past near-term headwinds
CNBCAPR 2023
Even after the slowing of the AI hype, Apple remains one of the safest bets in the market for tech investors. Their remarkable stability over the years, coupled with the rising tide in tech, bodes well for Apple's place at the top of the financial heap. The wisdom of the market has spoken, making a huge show of confidence in Apple's future ventures.
Apple's meteoric stock valuation cannot hide its consecutive quarters of revenue decline, as hardware sales continue to remain sluggish. The massive investments Apple has made in its new VR headset might turn out to be a long-term blunder. Given these trends, it's feasible Apple will become a riskier bet than previously assumed.