The Future Potential of Apple and Broadcom According to BlackRock
As a crypto reader, you may be interested in the future potential of tech giants like Apple and Broadcom. BlackRock, a multi-trillion dollar asset manager, holds significant positions in both companies. Let’s explore the insights from the latest 13F filing and analyze the prospects of these two tech giants over the next year.
Apple (NASDAQ: AAPL)
When examining Apple’s performance, it’s important to note that the company recently postponed the integration of artificial intelligence (AI) into its products. Despite this setback, Apple’s shares have not surged as much as other AI-involved firms, positioning them as potential winners in the upcoming year.
- Apple’s upcoming earnings report in August 2024 could be a significant catalyst for future growth.
- Analysts like Dan Ives predict a strong growth trajectory for Apple, especially with its presence in China and upcoming product releases.
- Despite a 16.82% increase since the beginning of the year, Apple’s shares are currently experiencing a correction, offering a potential buying opportunity.
Broadcom (NASDAQ: AVGO)
On the other hand, Broadcom has seen a substantial rise in its shares in 2024, with a 40.84% increase year-to-date. The company is also in discussions with OpenAI to develop AI-focused chips, which could significantly impact its future growth.
- Broadcom’s potential as a major supplier in the AI sector could lead to exponential growth similar to Nvidia’s trajectory.
- If Broadcom’s shares follow a similar path to Nvidia, they could reach impressive valuation by 2025 or 2026.
- Sam Altman’s claims about the need for a $7 trillion investment in AI infrastructure further support Broadcom’s growth potential.
Hot Take: Potential Winners in the Tech Sector
As a crypto reader, you may want to keep an eye on Apple and Broadcom as potential winners in the tech sector. Both companies have unique growth opportunities and are positioned for significant gains in the upcoming year. Consider exploring these tech giants as part of your investment strategy.
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