Apple is a great company – but not much is driving the tech giant toward a $3 trillion valuation, analyst says
– but investor excitement might not last once that milestone is crossed, according to one analyst.
"While Apple is a great company, there's not a ton of fundamentals driving this right now," Cleo Capital managing director Sarah Kunst told"Will people be getting out once they cross that $3 trillion threshold? Before the Vision Pro is introduced? Before they have to grapple with whether anyone actually wants this VR?" she added, referring to theThe tech giant's shares have surged 46% year-to-date, raising its total market capitalization to $2.98 trillion.
Other strategists share Kunst's view on Apple, with Short Hills' CIO Steve Weiss saying earlier this month thatBut some on Wall Street are more bullish on the tech giant, with both
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