Apple Reclaims No.1 Spot! Do You Prefer Innovation or Steady Companies?
$Apple(AAPL)$ hits a record high of $240, with a market cap of $3.62 trillion, reclaiming its position as the largest company by market value in the US stock market.
As an investor, do you prefer innovation-driven companies or those with steady growth?
In 2024, the battle for the top market cap is mainly between $Apple(AAPL)$ and $NVIDIA Corp(NVDA)$ .
Nvidia has surged 2,000% over the past five years, benefiting from the Bitcoin mining and AI booms.
In contrast, Apple enjoys a strong moat from its product ecosystem but has been more conservative in the AI and Bitcoin spaces. Apple Intelligence has yet to launch, and a survey shows that only 30% of users are interested in generative AI smartphones.
Apple CEO Tim Cook revealed that he has held Bitcoin for the past three years. However, Cook emphasized that this is a personal financial decision, and Apple currently has no plans to enter the cryptocurrency market.
Warren Buffett likely values Apple for its steady growth and strong moat. Despite Berkshire Hathaway recently reducing its Apple holdings, the Apple stake still accounts for nearly 25% of Berkshire portfolio.
How long can Apple remain the No.1 spot?
The chart below illustrates the top 10 $.SPX(.SPX)$ companies over the past 30 years.
$Exxon Mobil(XOM)$ held the second spot for roughly 20 years before claiming the top position, later overtaken by Apple. The 2010s marked a shift in the top 10 toward tech companies.
Do you prefer innovation-driven companies or those with steady growth?
How long can Apple remain the largest by market value?
Will the next major shift happen by 2030?
Leave your comments and also post to win tiger coins~
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$Apple(AAPL)$ am not a fan of Apple but have to admit they do have good products.
@Shyon @Universe宇宙 @rL @HelenJanet @Aqa @LMSunshine @koolgal @GoodLife99 @SPACE ROCKET @TigerGPT
Do you prefer innovation-driven companies or those with steady growth?
How long can Apple remain the largest by market value?
Will the next major shift happen by 2030?
Leave your comments and also post to win tiger coins~
🌟🌟🌟Innovation is the key to success in any company. Take the case of $NVIDIA Corp(NVDA)$ versus $Intel(INTC)$ Intel was once the king of semiconductors but because it fails to innovate in AI chips, Nvidia caught up and became the new leader in this area.
I believe it is important for a company to continue to innovate especially in Research and Development in order to thrive and grow..
@Tiger_comments @TigerStars
🌟🌟🌟Innovation is the key to success in any company. Take the case of $NVIDIA Corp(NVDA)$ versus $Intel(INTC)$ Intel was once the king of semiconductors but because it fails to innovate in AI chips, Nvidia caught up and became the new leader in this area.
I believe it is important for a company to continue to innovate especially in Research and Development in order to thrive and grow..
@Tiger_comments @TigerStars