Third Point’s Daniel Loeb sees room for Apple’s stock price to climb
Billionaire hedge fund manager Daniel Loeb sees room for Apple’s stock price to climb, especially if the technology company successfully harnesses artificial intelligence for its iOS mobile operating system.
“Despite the stock’s recent strong appreciation, we see room for significant upside ahead as the magnitude of this new AI opportunity surprises,” Loeb wrote to his investors in his Third Point Q2 2024 Investor Letter. Third Point took a position in Apple in April, Loeb revealed.
Third Point Q2 2024 Investor Letter’s bullet points regarding Apple (AAPL):
Keep reading with a 7-day free trial
Subscribe to MacDailyNews to keep reading this post and get 7 days of free access to the full post archives.