Should You Forget Apple and Buy 2 Artificial Intelligence (AI) Stocks Instead?
Apple (NASDAQ: AAPL) has been a huge winner in the smartphone era, which it pioneered with the iPhone. Now, it looks to be at risk of falling behind in the age of artificial intelligence (AI), cloud computing, and mixed reality. The tech giant failed with the launch of its Vision Pro product and has struggled to release any products related to consumer AI while the competition pushes ahead aggressively.It is time to forget Apple stock. Here's why you should buy two AI beneficiaries, Taiwan Semiconductor Manufacturing (NYSE: TSM) and ASML (NASDAQ: ASML), for your portfolio instead.Revenue growth has been stagnant at Apple for many years now. The iPhone is maturing, and while it is still a great product, there are only so many dollars floating around the world that can be dedicated to buying a smartphone. In the last decade it has released some successful ancillary products such as the Apple Watch and Air Pods, but these are not large enough to move the needle for a company with a market capitalization of $3 trillion.Continue reading
Apple (NASDAQ: AAPL) has been a huge winner in the smartphone era, which it pioneered with the iPhone. Now, it looks to be at risk of falling behind in the age of artificial intelligence (AI), cloud computing, and mixed reality. The tech giant failed with the launch of its Vision Pro product and has struggled to release any products related to consumer AI while the competition pushes ahead aggressively.
It is time to forget Apple stock. Here's why you should buy two AI beneficiaries, Taiwan Semiconductor Manufacturing (NYSE: TSM) and ASML (NASDAQ: ASML), for your portfolio instead.
Revenue growth has been stagnant at Apple for many years now. The iPhone is maturing, and while it is still a great product, there are only so many dollars floating around the world that can be dedicated to buying a smartphone. In the last decade it has released some successful ancillary products such as the Apple Watch and Air Pods, but these are not large enough to move the needle for a company with a market capitalization of $3 trillion.
