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Apple will be one of the top two performing ‘Mag 7s’ over the next year – Gene Munster
Gene Munster makes a bold prediction: Apple will rank among the top two performers of the “Magnificent Seven” tech giants over the next year…
In a recent discussion on CNBC’s Fast Money, Deepwater Asset Management’s Gene Munster made a bold prediction: Apple will rank among the top two performers of the “Magnificent Seven” tech giants over the next 12 months. This cycle, he argues, will propel Apple’s stock performance, potentially outpacing rivals like Nvidia, which he also sees as a top contender due to its AI chip dominance. Despite a high valuation, Munster believes Apple’s stock, trading at around 35 times forward earnings, is justified given its product and services pipeline and loyal, growing customer base.
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