TECH - Apple 'May Be The Best Of All The Magnificent Seven From Now To Year-End' Says Tech Investor Dan Niles | Benzinga
Renowned tech investor Dan Niles has made a bullish prediction for Apple Inc. (NASDAQ:AAPL), foreseeing the company’s ascent to the top of the ‘Magnificent Seven’ by the year’s end.
What Happened: Niles, the founder of Niles Investment Management, has attributed this forecast to Apple’s new AI strategy and potential revenue growth, in an interview with CNBC’s Fast Money on Monday.
“I think [Apple] may be the best of all the Magnificent Seven from now to year-end,” Niles said.
"I think [Apple] may be the best of all the Magnificent Seven from now to year-end," says @DanielTNiles — CNBC's Fast Money (@CNBCFastMoney) June 17, 2024
He makes the bull case and explains what could drive the stock even higher. pic.twitter.com/0JitVzMBaq
He believes the market’s focus on Apple’s revenue reporting has led to its stock underperformance in the past ...