3 Reasons to Buy Apple Stock Like There's No Tomorrow

Apple's Stock Surge and Shift to AI: A Great Opportunity?

As we head into an era of rapid advancement in artificial intelligence (AI) and machine learning, investors are keeping a close eye on which companies are best positioned to take advantage of this burgeoning market. One such company is Apple Inc. (AAPL), which has seen its stock soar since the beginning of 2023.

Apple's Q1 earnings report revealed that the tech giant's services division, which includes products like Apple Music and iCloud, saw revenue growth of 16% year-over-year, reaching $20.9 billion. This indicates a strong performance from the company and an increasing demand for its digital offerings.

Moreover, the company is reportedly planning to invest heavily in AI and machine learning, with plans to bolster its services division further. According to reports, Apple has acquired multiple AI startups, including Xnor.ai and Turi, which focus on creating energy-efficient AI chips and computer vision technologies, respectively. These acquisitions hint at a broader commitment to expanding its AI capabilities.

Potentially better valued than other AI stocks

Data by YCharts shows that Apple is potentially a bigger bargain than some of its AI peers. The company has a lower price-to-earnings ratio (P/E) and price-to-free cash flow than some of the most prominent names in the industry, indicating its stock offers the most value. Alongside a promising shift in its chip supply chain and a push into AI, Apple's stock is a no-brainer right now -- and one to buy like there's no tomorrow.

Should you invest $1,000 in Apple right now?

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The Motley Fool has positions in and recommends Amazon, Apple, Microsoft, Nvidia, and Qualcomm. The Motley Fool recommends Intel and recommends the following options: long January 2025 $45 calls on Intel, long January 2026 $395 calls on Microsoft, short August 2024 $35 calls on Intel, and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy .

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