The “Second Nvidia” Is About to Soar
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The artificial intelligence (AI) boom just created one of the biggest companies in the world. I'm talking about Nvidia. The firm is worth more than $1 trillion thanks to this explosion. However, most people don't realize Nvidia just got lucky! Because for most of its history, Nvidia has been focused on an entirely different industry – video games. You see, Nvidia's chips have been designed to serve just one purpose… To create ultrarealistic graphics in games such as Call of Duty and Counter-Strike. In other words… This technology was never meant to power AI. And that's also the reason why Nvidia could soon crash and burn… Because there's a new player in town – one that owns a patent-protected chip specifically designed to run AI on. This makes it much more powerful than Nvidia's gaming tech. I'm talking about a 100x performance boost. The U.S. Air Force, Cisco, and Raytheon are just some of this firm's early elite clients. But soon this chip will be available to the mainstream… And if you position yourself before it reaches the mass market, you could turn every $1 into $120… Just like early Nvidia investors did. Keith just published an urgent presentation on this unique opportunity. Inside, he explains all the details and how you can position yourself today. Get the full story here while there's still time.
Apple (NASDAQ: AAPL) share prices are down about 5% on the year so far, and Wedbush analyst Dan Ives sees the drop as a buying opportunity.
The analyst recently maintained his buy rating on the stock and reiterated a $250 near-term price target. That target represents a 35% upside from the current share price of $183. His optimism reflects sales expectations for Apple's new Vision Pro headset, which the company describes in press releases as “a revolutionary spatial computer that seamlessly blends digital content with the physical world.”
Analysts expect the Vision Pro to hit 1 million unit sales in 2025
Analysts at Wedbush originally set the high price target last year on the expectation of strong sales of the iPhone 15. Sure enough, Apple reported better-than-expected revenue of $119 billion in the December-ending quarter, driven by iPhone.
Ives now sees Apple's Vision Pro headset — the company's first major computing product since the Apple Watch — as a growth catalyst that could provide upside to Apple's long-term earnings growth. His sales forecast is 600,000 units in 2024 with 1 million unit sales in 2025.
Bank of America analyst Wamsi Mohan has the same forecast for 2025, and he raised his projection to 4 million units for 2026.
Is Apple stock a buy?
Apple stock is not cheap, trading at a high forward price-to-earnings ratio of 28, and the Vision Pro may take a while to catch on with Apple's customers, especially given its high retail price tag of $3,499.
However, Apple has a long history of delivering new products that people eventually can't live without but didn't think they wanted in the first place. This is a highly profitable business, with nearly $100 billion in annual free cash flow, and it got to this point by making calculated bets on what it thinks customers are going to love. I wouldn't bet against it over the long term.
#1 AI stock trading for $3
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AI is by far the biggest tech investing trend of 2024. But Ross Givens says the #1 artificial intelligence stock is NOT Microsoft, Google, Amazon or Apple. Nope – his research is pointing to a tiny, under-the-radar stock that's trading for just $3 right now… And could soon shoot to the moon, handing early investors a windfall. This company already has 98 registered patents for cutting-edge voice and sound recognition technology… And has lined up major partnerships with Honda, Netflix, Pandora, Mercedes Benz and many, many others. So if you missed out on Microsoft when it first went public back in 1986… This could be your shot at redemption. Click here now for the full details of this $3 stock that's set to rocket in the AI revolution…
