From Nasdaq: 2024-05-18 04:45:00

Tech companies, like Amazon, have seen a surge in AI interest. Amazon’s stock has risen 69% in the last year, fueled by e-commerce growth and AI investments. However, Apple has historically outperformed Amazon’s stock, climbing almost triple the rate. Apple’s strong brand loyalty and expanding AI offerings make it a promising investment.

Apple’s strategic ecosystem and leading market shares in various product categories have driven its success. Services revenue has outpaced iPhone growth, showing the company’s ability to innovate. With a focus on consumer AI, Apple’s devices are set to drive growth further. Recent events and product launches highlight Apple’s potential in the AI space.

Amazon may have gained investor attention, but Apple offers better value. Apple’s lower P/E and free cash flow ratios, alongside brand loyalty and AI investments, make it a strong investment choice. With the potential for significant returns, investing in Apple could lead to a millionaire-maker opportunity.

Analysts suggest looking beyond Apple for potential stock investments. The Motley Fool’s 10 best stocks list excludes Apple, favoring other options for monster returns. With the success of past recommendations like Nvidia, investors have the opportunity to follow a proven strategy for portfolio growth. Stock Advisor’s track record speaks to its success in beating the S&P 500.



Read more at Nasdaq: Forget Amazon: This Stock Has Made Far More Millionaires