Apple vs. Meta Platforms: Which "Magnificent Seven" Stock Has More Upside After the Recent Sell-Off?
The ongoing tariff saga has hit most stocks particularly hard this year, and for the first time in two-plus years, even big tech hasn't been immune. The Roundhill Magnificent Seven ETF, an exchange-traded fund that tracks "Magnificent Seven" stocks, is down close to 18% this year. While uncertainty is at an all-time high, investors are also circling the wagons and looking at stocks that are as cheap as they have been in six months or more.Many investors remain bullish on artificial intelligence (AI) and believe few stocks will benefit more than those in the Magnificent Seven. Two of those stocks, Apple (NASDAQ: AAPL) and Meta Platforms (NASDAQ: META), are of interest after falling roughly 17% and 13%, respectively, this year (as of April 15). Here's the one with more upside, according to Wall Street analysts.The consumer tech giant Apple found itself firmly in the crosshairs of President Donald Trump's tariffs after the administration announced higher rates on many countries, including China, where Apple makes many of its popular products. Apple reportedly makes over 80% of its products in China and generates significant revenue from sales in the country. Wedbush analyst Dan Ives estimates that the cost of an iPhone could rise as high as $3,500 if made in the U.S. He also said it would cost Apple $30 billion over three years to shift just 10% of its supply chain to the U.S.Continue reading
The ongoing tariff saga has hit most stocks particularly hard this year, and for the first time in two-plus years, even big tech hasn't been immune. The Roundhill Magnificent Seven ETF, an exchange-traded fund that tracks "Magnificent Seven" stocks, is down close to 18% this year. While uncertainty is at an all-time high, investors are also circling the wagons and looking at stocks that are as cheap as they have been in six months or more.
Many investors remain bullish on artificial intelligence (AI) and believe few stocks will benefit more than those in the Magnificent Seven. Two of those stocks, Apple (NASDAQ: AAPL) and Meta Platforms (NASDAQ: META), are of interest after falling roughly 17% and 13%, respectively, this year (as of April 15). Here's the one with more upside, according to Wall Street analysts.
The consumer tech giant Apple found itself firmly in the crosshairs of President Donald Trump's tariffs after the administration announced higher rates on many countries, including China, where Apple makes many of its popular products. Apple reportedly makes over 80% of its products in China and generates significant revenue from sales in the country. Wedbush analyst Dan Ives estimates that the cost of an iPhone could rise as high as $3,500 if made in the U.S. He also said it would cost Apple $30 billion over three years to shift just 10% of its supply chain to the U.S.