Apple stock lags behind peers in AI development and performance, facing challenges in iPhone sales.

From Nasdaq: 2024-05-30 05:25:00

Tech stocks, driven by new AI technologies like OpenAI’s ChatGPT, have been soaring. However, Apple (AAPL) lags behind peers in AI development and stock performance. Revenue is flat, and products are mature, with AI potential untapped. Challenges include slowing iPhone sales and discontinued autonomous vehicle project. Apple’s future lies in iPhone 16, Vision Pro, and AI developments. Investors await WWDC for clarity on AI strategies. While Apple stock has potential, better investment opportunities exist. Consider Stock Advisor’s 10 best stocks for potential monster returns. Apple was not included in this list. Apple stock may lack a strong buy case currently, requiring further clarity on its AI and product strategies.

Contributors to this article include former Whole Foods CEO John Mackey, Alphabet executive Suzanne Frey, and Randi Zuckerberg. The Motley Fool recommends stocks like Alphabet, Amazon, Apple, Microsoft, and Nvidia, offering potential for strong returns. Stay informed about potential investments to maximize returns.



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