Tech Update -- Micron, Musk, And More Apple -- December 27, 2024

Locator: 44543TECH.

Micron. Link here. 

Musk: new GPU cluster in record time. Some folks don't believe him. Link here.

AAPL: $500 billion "bigger" than NVDA. Link here.

JPM: AAPL -- stock pick of the year (2025)? Link here.

Apple stock (AAPL) will end 2024 with a roughly 30% climb, with analysts at JPMorgan projecting even more gains next year. Several Wall Street experts are staking predictions on AAPL to be a top stock option in 2025, rivaling Nvidia and other Mag-7 members. JPMorgan Chase analysts are some of these experts, upping their price predictions for Apple stock.

JPM's Smik Chatterjee expects that boost to eventually come through with the expected launch of the iPhone 17. That should drive iPhone sales from 230 million units in Apple’s fiscal 2025 year to 251 million in fiscal 2026 in his view. Additionally, Chatterjee has an Overweight rating and price target of $265 on Apple stock for the end of next year.

$265: that's the magic number, by the way. 

**********************************
Disclaimer
Brief Reminder 

• I am inappropriately exuberant about the US economy and the US market.
• I am also inappropriately exuberant about all things Apple. 
• See disclaimer. This is not an investment site. 
• Disclaimer: this is not an investment site. Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here. All my posts are done quickly: there will be content and typographical errors. If something appears wrong, it probably is. Feel free to fact check everything.
  
• If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them. 
• Reminder: I am inappropriately exuberant about the US economy and the US market.
• I am also inappropriately exuberant about all things Apple. 
• And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia. Nvidia is a metonym for AI and/or the sixth industrial revolution.
  
• Longer version here.