Which Tech Stock Will Soar the Highest? AAPL, NVDA, or BABA?
USASun Dec 15 2024
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The tech industry is buzzing with excitement thanks to generative AI and expectations of lower interest rates. This has led some tech stocks to soar. But which one will climb the highest? Let's compare Apple (AAPL), Nvidia (NVDA), and Alibaba (BABA) to see which one analysts think has the most upside potential.
Apple shares have climbed 29% this year. The company impressed investors with its latest quarterly results. The iPhone maker's sales and earnings grew, with iPhone revenue making up nearly half of the total sales. Its Services business, which has higher margins, also grew by 12%. However, there are concerns about competition affecting iPhone sales in China. Still, many analysts are optimistic about Apple due to its growing Services business and AI initiatives.
Nvidia shares have surged over 171% this year, thanks to high demand for its advanced GPUs needed for generative AI models. The company's third-quarter results were impressive, with revenue growing 94% and adjusted earnings per share jumping 103%. But some investors worry about future demand and growth slowdown. Despite these concerns, Nvidia remains optimistic about its future, especially with the booming demand for generative AI.
Alibaba, the Chinese e-commerce giant, recently reported strong earnings. Net income rose 58% and revenue grew by 5%. The company's cloud business and AI-related products saw significant growth. Despite macro pressures and US-China tensions, analysts are bullish on Alibaba due to its restructuring efforts and growth opportunities. The company is also integrating its domestic and international e-commerce platforms to create supply chain synergies.
Analysts are very positive about Nvidia and Alibaba but cautiously optimistic about Apple. They see a higher upside potential in Alibaba due to improving fundamentals and the Chinese government's stimulus measures. Both Alibaba and Nvidia have a "Perfect 10" score on TipRanks' Smart Score System, suggesting they might outperform the market in the long term.
https://localnews.ai/article/which-tech-stock-will-soar-the-highest-aapl-nvda-or-baba-daacdebc
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