2024-06-21 07:00:00 ET
Summary
- Apple's recent AI presentation garnered attention, but the financial impact of new AI offerings may not be significant.
- Apple's stock valuation is at a very elevated level, not justified by current operational performance, suggesting locking in gains could be wise.
- Despite showcasing new AI products, Apple's market share may not grow explosively due to premium prices, competition, and limited global affordability.
Article Thesis
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Apple: Sell The AI Hype (Rating Downgrade)