To The Moon

AAPL rocket soars into the sky

$Apple(AAPL)$ is closing in on a historic $4 trillion stock market valuation, powered by investors cheering progress in the company's long-awaited AI enhancements to rejuvenate sluggish iPhone sales.

The company has pulled ahead of $NVIDIA(NVDA)$ and $Microsoft(MSFT)$ in the race to the monumental milestone.

This is thanks to an approx. +16% gain in shares since early November 2024, that added about $500 billion to its market capitalization.

According to Maxim Group, Analyst, Tom Forte:

• Latest Apple’s rally reflects investor “enthusiasm” for AI and an expectation that it will result in a supercycle of iPhone upgrades.

• Valued at about $3.85 trillion as of the last close, Apple dwarfs the combined value of Germany & Switzerland's main stock markets.

Incidentally, Tom Forte has a "Hold" rating for Apple Inc.

Trillions Milestone.

Shares of AAPL has advanced by +37.71% YTD.

This Silicon Valley firm, driven by the so-called iPhone supercycle, has been the first US company to hit its previous trillion-dollar milestones. (see above)

However, AAPL has been criticized for being slow to roll out its AI strategy, in recent years.

As a result, peers like (a) Microsoft, (b) Alphabet, (c) Amazon and (d) $Meta Platforms, Inc.(META)$ have pulled ahead to dominate this emerging technology.

Nvidia, the biggest AI beneficiary ’s saw its shares surged more than +800% in the past 2 years. (see above)

In contrast, Apple's shares only roughly doubled during the same period. (see above)

$4 Trillion Crown.

Will Apple be able to create history (again) by hitting the $4 trillion market capitalization?

As of Fri, 27 Dec 2024, AAPL still has a marginal lead over the other 2 Tech titans. (see above)

• AAPL market cap - $3.863 trillion.

• NVDA market cap - $3.355 trillion.

• MSFT market cap - $3.201 trillion.

In June 2024, Apple announced that it would add AI features to many of its apps.

In early December 2024, they started the integration (OpenAI's ChatGPT) into its devices.

AAPL expects overall revenue to increase "low- to mid-single digits" during its fiscal first quarter, a modest growth forecast for the holiday shopping season.

This spark questions about the momentum for the iPhone 1x series.

However, LSEG data showed analysts expect revenue from iPhones to rebound in 2025. (see below)

Concurring LSEG’s analysis is $Morgan Stanley(MS)$, Analyst, Erik Woodring:

• In the near term, demand for iPhone will not be strong as investors hope.

• This is because AAPL’s intelligence features aren't available everywhere and aren't as advanced.

• As AI-features improve and become more widespread, they will in turn, drive demand for iPhone.

• He still believes Apple is the best investment choice for 2025.

Apple's eventual $4 trillion market cap is a testament to its enduring dominance in the Tech sector.

The milestone reinforces Apple's position as a Market leader and Innovator.

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