Larry Ramer
Thu, Apr 3, 2025, 8:45 AM 2 min read
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Schwab Network commentators Oliver Renick and Jenny Horne expressed bearishness connected Apple (AAPL) banal today. Renick suggested that AAPL could get deed worse than its peers by the market's retreat due to the fact that it has tended to beryllium the past refuge for investors, portion Horne asserted that the tech giant's forays into AI person been disappointing truthful far.
An Apple store displaying the latest successful user electronics, from smartphones to wearables.
Commentators Discuss Reasons To Be Bearish connected AAPL
Noting that AAPL had performed precise poorly connected 1 time past period adjacent the market's erstwhile bottom, Renick said that the shares person "held connected a batch longer, truthful possibly it has much to springiness (now)." He added that the banal had performed severely adjacent the market's bottommost successful March due to the fact that investors thin to debar selling it for longer than its peers.
The tech giant's beardown momentum implicit the past six months has been based connected the thought that AI innovations would nutrient "a supercycle" for the iPhone 16, Horne said. But since that script has not materialized, "maybe AAPL is the astir owed for a downturn" among ample tech names, Horne theorized.
"I person a precise hard clip with Apple's fundamentals," the commentator stated. Since the shares person been trading astatine their highest valuations ever, AAPL is "a weird spot to" question structure from marketplace downturns, she added.
While we admit the imaginable of AAPL, our condemnation lies successful the content that AI stocks clasp greater committedness for delivering higher returns, and doing truthful wrong a shorter timeframe. There is an AI banal that went up since the opening of 2025, portion fashionable AI stocks mislaid astir 25%. If you are looking for an AI banal that is much promising than AAPL but that trades astatine little than 5 times its earnings, cheque retired our study astir this cheapest AI stock.
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Disclosure: None. This nonfiction is primitively published at Insider Monkey.