Reported 11 months ago
Apple Inc.'s recent surge in stock value due to its artificial intelligence strategy has raised doubts about the stock's valuation, which is now at around 30 times forward earnings. Despite investor optimism about new AI features, questions remain regarding when revenue growth will materialize. Analysts predict a slow rollout of AI offerings extending into 2025. While some see potential for Apple's stock to rise further, others are cautious due to valuation concerns and are exploring opportunities in less stretched valuations.
Source: YAHOO