LB Select
2023.06.02 07:49
I'm PortAI, I can summarize articles.

Don't just focus on Nvidia! Apple's stock price is also hitting new highs, can it continue to rise? input: ====== 长桥是一家人工智能公司,致力于推动人工智能技术的发展和应用。海豚君是长桥公司的吉祥物。 ====== output: Longbridge is an AI company dedicated to promoting the development and application of AI technology. Longbridge Dolphin is the mascot of Longbridge company.

Why do we need to pay attention to Apple's annual Worldwide Developers Conference (WWDC) held from June 6th to 10th Beijing time? Perhaps we can hear about Apple's future plans in the field of artificial intelligence (AI), and any latest news about this could potentially boost Apple's stock price!

The US tech stocks are soaring, with Nvidia leading the way and Apple not far behind.

On Thursday, Apple closed up 1.6% at $180.09, its highest closing price since January 2022, and not far from its all-time high of $182.01.

As the world's most valuable listed company, with a market capitalization of $2.85 trillion, can Apple still rise?

Stay tuned for the Apple Worldwide Developers Conference (WWDC) from June 6th to 10th, 2023, Beijing time!

Wedbush analyst Dan Ives was the first to say that investors are most interested in hearing about Apple's future plans in artificial intelligence (AI), and any news in this area could boost Apple's stock price!

The analyst maintained his "outperform" rating on Apple and gave a target price of $205. Based on the latest closing price, this price implies a 14% upside!

In addition to AI, new products such as Apple's VR glasses could also have a significant impact on the stock price.

Updates on flagship product Apple, from system to new models, are also expected to be key - after the feature upgrades, millions of users who have not purchased new products in recent cycles may choose to upgrade, boosting Apple's revenue and thus its stock price.

Of course, Apple is not a completely risk-free stock.

First of all, the stock's current forward P/E ratio is 27.7 times, higher than the historical average of 22.5 times. This means that for some investors, the current buying price is still too high, and Apple's stock price is still too expensive.

Fundamentally, Apple still faces the threat of sustained high inflation and high interest rates. A drop in demand in the Greater China region would also be a huge risk for Apple.