Apple's AI products boosting stock to new highs, but caution advised due to high valuation

From Barchart: 2024-07-07 09:45:00

Apple’s developer conference unveiled a wave of AI products and features, boosting the stock to new highs. AI is crucial for Apple, with generative AI enhancing the iOS experience. But can AI revive Apple’s declining revenue growth? Analysts are cautious, given the high valuation and unclear potential for substantial earnings growth long term.

AI excitement has pushed Apple stock to all-time highs, but is it a buy? The stock’s high valuation and moderate growth outlook raise concerns. Investors are cautious about the lack of substantial upside potential. Despite anticipation for AI impact on iPhone sales, the stock’s current price may not fully justify the investment.

Investing in Apple may not be the best move right now. The Motley Fool Stock Advisor team has identified 10 alternative stocks with better potential returns than Apple. Historical data shows significant returns from previous stock picks. Consider the recommendations before deciding to invest in Apple or explore other opportunities for potential growth and returns.



Read more at Barchart: Is Apple a Buy? | Nasdaq