In another installment of Yahoo Finance's Good Buy or Goodbye, RSE Ventures Co-Founder and CEO Matt Higgins joins Josh Lipton to share his insights into iPhone maker Apple (AAPL) and chip company Arm Holdings (ARM).
Higgins names Apple shares as his good buy, stating that the tech leader may be on the up-and-up after the stock slid in 2024's first quarter. Higgins points to Apple's quick adoption and integration of AI into its devices as a major catalyst.
"They have been gobbling up AI companies below the radar — I think they've bought 32 of them," Higgins says. "Clearly they're working on it because If they don't they're facing an existential threat to their very survival. I think Apple has been keeping its head down while its stock has faltered."
Arm is the stock Higgins would wish to say good buy to, calling the semiconductor designer overvalued as early investors were "looking for different ways to chase Nvidia (NVDA)" in the broad chip landscape.
#youtube #apple #tech
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