TECH - Apple To Release AI Siri No Tesla Robotaxi Reddit Acquisition Deep Fakes Mar US Elections And More: Deepwater Unveils 2024 Crystal Ball | Benzinga
Gene Munster’s Deepwater Asset Management tasted success with its 2023 predictions. Now, it’s out with tech predictions for 2024.
A Record To Cherish: Out of the eight predictions that Deepwater made for 2023, seven came to pass. This gives the venture capital firm a success core of 87.5%.
The Munster co-founded firm was wrong about the timeline for Tesla, Inc.’s (NASDAQ:TSLA) Model 2, which is now referred to as robotaxi. As opposed to its previous estimate of 2024, the firm now sees a delay until 2025.
Among those that fructified was the outperformance of the FAANG — the moniker for a group of mega-cap tech stocks.
Deepwater also called for:
- Apple, Inc.’s (NASDAQ:AAPL) headset launch in late 2023
- private-equity companies taking tech companies private
- Unicorns going bankrupt
- And Ford Motor Co.’s (NYSE:F) Lightning EV pickup truck outselling Tesla’s Cybertruck.
The firm also expected the year-end fed funds rate at 5.50% and the market rebounding in 2023.
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Here’s what Deepwater predicts for ...