In today’s briefing:
- 2024 High Conviction: Apple’s AI Foray & Services to Power Its Journey to USD 4 Trillion Valuation
- Year Ahead for Markets 2024
2024 High Conviction: Apple’s AI Foray & Services to Power Its Journey to USD 4 Trillion Valuation
- Despite being a hated stock among the Super Sevens, Apple shares are up >51% YTD this year. Apple has had little to claim for within captivating AI hype.
- Apple is not a first mover. Its reputation is of a late comer. But its superior products with mind bending experiences blows competition out of the water.
- Outperformance of iPhone 15, deepening services penetration, and roll out of AI-features will propel Apple to a USD 4 trillion market cap in 2024.
Year Ahead for Markets 2024
- Surprising a pessimistic market, global liquidity rebounded, prompting expectations of increased buying pressure in the new year, as the Fed appears to remain on hold.
- The crypto market is expected to benefit from a structural shift, with Bitcoin (BTC) emerging as a frontrunner after breaking out of a prolonged bear market consolidation.
- Solana is anticipated to outperform in the coming year, driven by mean reversion, market share normalization, and narrative developments.
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