Hedge fund investors find Apple attractive due to reduced valuation and potential AI upgrades for iPhones.
Hedge fund investors show interest in Apple Inc. due to its reduced valuation premium and potential AI-linked upgrades to iPhones. JPMorgan Chase & Co. analysts note that Apple's shares trade at a discount to megacap peers like Microsoft Corp. and the Nasdaq 100 benchmark, making it an attractive investment opportunity. Investors are awaiting the AI upgrade cycle, with some predicting the introduction of AI features in the iPhone 17 Pro in 2025.
April 11, 2024
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