Posted 3/18/2024, 2:58:05 PM
Apple's Growth Stalls as AI Rivals Eclipse iPhone Maker
- Apple's growth is stagnating as AI becomes the hot new thing in tech, causing its stock to underperform
- It remains a steady cash flow machine, but investors now see it more as a value stock like Coca-Cola rather than a high growth tech company
- AI leaders like Microsoft and Nvidia have overtaken Apple in market cap as their products incorporate latest AI advances
- Apple has big AI plans but has revealed little so far, disappointing investors seeking exposure to next big growth market
- It faces slowing iPhone sales, regulatory threats in US and EU, and uncertainty if its AI efforts will revive growth