fibaworldcup2023qualifiersphilippines| Cantor believes that Apple's valuation is attractive after its decline and is expected to take advantage of artificial intelligence
Cantor Fitzgerald representsFibaworldcup2023qualifiersphilippinesApple shares have performed poorly so far this year, creating a good opportunity for investors to buy before artificial intelligence-related positive factors emerge.
The stock is down 9% this year.Fibaworldcup2023qualifiersphilippines.3%, while the Nasdaq 100 index rose 7%Fibaworldcup2023qualifiersphilippines.8%.
Poor performance reflects weak revenue growth, lack of artificial intelligence strategy and high price-to-earnings ratio, but "Fibaworldcup2023qualifiersphilippinesWe are at a turning point in these issues, "wrote Eric Johnston, head of cross-asset and equity derivatives at Cantor Fitzgerald.
The recent news reflects the company's "increasing focus on providing artificial intelligence products and services" and that "Apple's valuation has now shrunk to a much more reasonable level" after the recent weakness.
"with inflation booming and yields rising, we believe this environment will attract money to stocks that are less sensitive to interest rates. Given the poor performance of Apple stock, we think it will be the main beneficiary of this rotation.