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Artificial intelligence and this week's market melt-up are driving mega cap tech stocks higher. Yardeni Research President Ed Yardeni joins Yahoo Finance Live to discuss the trends seen across the tech space and the potential to broaden out to other industries.
Let's consider two excellent candidates: PayPal (NASDAQ: PYPL) and Apple (NASDAQ: AAPL). PayPal is an easy and obvious choice for investors looking to ride the fintech coattails through the end of the decade and beyond. The company is one of the leaders in this industry and has built a highly recognizable brand name.
Unity Software (NYSE: U) got some of its mojo back this month thanks to the announcement of Apple's (NASDAQ: AAPL) latest product -- the Vision Pro. Apple says is a "revolutionary spatial computer that seamlessly blends digital content with the physical world, while allowing users to stay present and connected to others." Revealed at Apple's recent Worldwide Developers Conference, the Vision Pro is a mixed-reality headset that "lets users interact with digital content in a way that feels like it is physically present in their space."
Approximately $266 billion of Berkshire Hathaway's $347 billion investment portfolio is tied up in a handful of brand-name companies.
Apple (AAPL) closed at $180.57 in the latest trading session, marking a +1.55% move from the prior day.
This week, Apple – the company that popularised the MP3 player with the iPod, smartphone with the iPhone and wireless headphones with AirPods – unveiled its latest new product. The tech firm is hoping that the Apple Vision Pro, a virtual-reality headset that can also show and augment the real world in front of you, will create yet another new category of electronics.
These companies are excellent long-term options thanks to their solid positions in two crucial markets.
The Nasdaq is home to many of the best growth stocks in the world. Some of them have generated life-changing returns for investors, including Apple (NASDAQ: AAPL), Nvidia (NASDAQ: NVDA), and Idexx Laboratories (NASDAQ: IDXX).
It's important to remember that the share price of any given stock reflects how the market values it in a given moment. Share price can tell you a lot, but it doesn't tell you everything. Looking beyond share price at the underlying business and its core financials is how you discern whether you're looking at a great company with a clear path to growth ahead.
Apple (NASDAQ: AAPL) is the largest company in the world today with a $2.9 trillion market capitalization. In dollar terms, an investment of $1,000 in Apple stock at its IPO would be worth over $1.8 million today! Companies developing electric vehicles (EVs), artificial intelligence (AI), and cybersecurity could be the best candidates.
Recent technological advances shed light on virtual reality (VR) in recent months, making it an industry worth keeping a close eye on. Meta Platforms and Sony have dominated the VR space with their respective headsets for years. Meta has pivoted its business almost completely toward VR development and the metaverse.
The term -- and the concept behind it -- came from Neal Stephenson's 1992 sci-fi bestseller Snow Crash, but it only gained more mainstream attention over the past few years as more advanced virtual reality (VR) and augmented reality (AR) headsets hit the market. The bulls believe the metaverse will eventually blur the lines between the physical and digital worlds by enhancing real-world environments with digital overlays, virtually transporting people to both imaginary places and digital twins of real-world locations, and enabling people to remotely interact with each other without PCs or smartphones. It could also revolutionize video games by replacing monitors, TVs, consoles, and controllers with mixed-reality headsets.
After the release of the generative artificial intelligence chatbox ChatGPT, it was basically a given that most large tech companies would be looking to integrate the technology into their business. Being one of the largest consumer tech companies in the world, Apple is certainly no exception. Apple's CEO Tim Cook said that he recently tried ChatGPT and thinks there is great potential and that the company is looking at the technology closely.
Shares of Apple (NASDAQ: AAPL) approached an all-time high when the Vision Pro headset was announced. With a $3,500 price tag, this ultrapremium product is a hard sell for most people, but it could be sneakily important to Apple's future.
From Google Glass to Magic Leap to Meta's Oculus division, tens of billions of dollars have gone into building computing goggles, with minimal returns to show for it. After Facebook changed its name to Meta (NASDAQ: META) in 2021 and said it was investing at least $10 billion a year into building AR and VR products, industry hype went into overdrive and the term "metaverse" became a household name. Apple revealed its Vision Pro augmented reality device to the world this week, which looks like sleek skiing or snorkeling goggles.
Second, Apple (NASDAQ: AAPL) said it was working with Unity to develop mixed-reality apps for its new Vision Pro headset during its Worldwide Developers Conference on June 5. Is it the right time to buy Unity as a turnaround play, or is it too late to hop on the bandwagon? Its revenue rose 43% in 2020, climbed 44% in 2021, and management claimed the company could maintain an annual growth rate of 30% over the "long term."
Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) owns shares of nearly 50 stocks, but Warren Buffett didn't personally pick all of them. A few positions were initiated by Berkshire's investment managers. Wall Street thinks this stock could make Buffett the most money over the next 12 months.
A growing dividend and a track record of market-beating success has these stocks at the top of my buy list.
Brand-name tech stocks were popular buys (and sells) among billionaire money managers during the first quarter.
Investors who stuck with growth names during last year's sell-off have been rewarded during 2023's rally.
Apple should buy Disney as it looks to capture greater adoption of its Vision Pro headset, one media analyst says.
Apple this week launched its much-anticipated mixed reality headset, the Apple Vision Pro. So, it's a technological marvel, but is it revolutionary? Yahoo Finance asked six experts what they thought. Some hailed the unveiling of the Vision Pro as a genuine watershed moment. Others were more cautious.
Apple unveiled its new Vision Pro mixed reality headset at the company's WWDC event. It's $3,499 price tag however may turn off a lot of buyers. Laura Martin, Senior Media and Internet Analyst at Needham & Co., however, has an idea. Martin suggests that Apple (AAPL) should buy Disney (DIS) to help build adoption of the new headset. Martin argues that Apple needs "a compelling content storytelling use case" for the Vision Pro to gain traction. She believes that with Disney's content, more people may be willing to purchase the headset. But what about the Disney parks? Martin says Apple likely won't want the parks, but that those could be spun off or sold, given they are "really a good business, standalone." Martin also covers Warner Bros Discovery (WBD). When asked about the ousting of CNN CEO Chris Licht, Martin says investors are betting more on WBD leadership than who is leading CNN. She also makes the case for WBD keeping CNN in its portfolio. "The only way to win the streaming wars is you must have entertainment content, and you must have news, and you must have live sports," Martin says, because when news breaks, it drives viewers to your app. When it comes to the ongoing writers strike and a potential strike from SAG-AFTRA, Martin tells Yahoo Finance Live's Diane King Hall and Alexandra Canal that Wall Street investors will ultimately be the winners because "all of these companies are not going to be able to spend money on content and that won't be a competitive disadvantage." Key video moments 00:00:21 Why Apple should buy Disney 00:01:19 What to do with Disney Parks 00:02:45 Reaction to CNN CEO stepping down 00:04:42 Who will win from the writers strike