Apple(US:AAPL) Finboldยท2024-10-02 14:11Core Viewpoint - Apple stock has performed well in 2024, reaching an all-time high in July and is expected to hit a market capitalization of $4 trillion next year, while other stocks like Microsoft and Amazon show potential for significant returns for investors [1] Group 1: Microsoft (MSFT) - Microsoft is a key competitor to Apple in various sectors, including devices, software, and gaming, and has a strong market cap position [2] - BMO Capital Markets has raised Microsoft's price target to $500 from $465, citing positive outlooks on cloud demand and significant investments in AI computing infrastructure [2] - As of October 2, Microsoft stock is priced at $418.16, reflecting a year-to-date growth of 12.75% despite a recent weekly decline of 3.34% [2] Group 2: Amazon (AMZN) - Amazon has shown resilience against inflation and has a more diversified income stream compared to Apple, which may provide better future stability [3] - The company has launched Project Amelia, an AI-driven selling assistant, and Business Prime Rewards, enhancing seller support and customer experience [3] - Currently, Amazon stock is priced at $184.55, with a year-to-date gain of 22.99%, despite a recent weekly decline of 4.05% [3] Group 3: Conclusion - The stocks of Microsoft and Amazon are positioned to potentially deliver substantial profits for investors in the coming year, establishing themselves as strong competitors to Apple [4]