Jim Cramer on Apple: Own products of the iconic company, but don’t trade it; here are the reasons he cited
December 23, 2024
Jim Cramerhas recently stated his opinions about Apple, and its stock performance at Wall Street in the recent days. Apple has been performing quite well over time, backed by the massive bull run at the USstock market, along with the S&P 500’s massive strength in the past few months. However, he is currently of the opinion that Apple stocks should be held o to for longer period of time, and should not be traded away during this time.
Should you hold on to Apple stocks? Here’s what Cramer is saying
According to reports, Apple is one of those companies that have a major chance of touching a $4 trillion market capitalization in the coming year, and if the bull run of the US stock market still continues, there are chances that things may evolve to a level that the company touches a $5 trillion mcap soon.
Mostly backed by the AI wave for its chips and products, the trend for which began with Nvidia’s epic rise, Apple promises to be one of the major leaders of the stock markets and is currently the pillar of strength for all the stock indices in the US out there.
Is the US stock market hanging on by a thread?
Cramer, on similar lines, is claiming that the US stock market, in the overall terms, is not doing that well. It is currently banking on AI-based stocks and some major assets for its bolster on Wall Street, and if this bubble were to burst anytime, things could come crashing down. A major sell-off of AI stocks may bring in this phenomenon.
FAQs:
Has the US stock market crashed in the past few days?
No, the US stock market has not crashed in the last few days, and has been on a superb bull run for a long time now.
Is Apple’s stock going to grow further?
Yes, after Apple’s decision of working on companies researching on AI-reliant GPUs, it’s shares have shot through the roof, and is now growing at a phenomenal pace.
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