From Nasdaq.:

The year 2023 saw a strong resurgence in technology stocks, particularly within the Nasdaq 100 Technology Sector index, thanks to factors such as cooling inflation and the rising popularity of artificial intelligence (AI). However, despite this growth, Apple has faced challenges, with fiscal 2023 seeing a decline in revenue and earnings. Analysts are optimistic about a potential turnaround for Apple in 2024, driven by AI adoption in the PC and smartphone markets. Investors may want to consider taking a risk on Apple, as the company seeks to integrate AI capabilities into its products and drive stronger growth in the coming year. While there is potential for growth, the stock is currently priced at rich multiples, so investors should carefully evaluate their investment decision. The Motley Fool does not currently recommend buying Apple stock, but investors should track its potential as an AI-fueled rally could send it soaring.



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