5 Best Tech Stocks To Buy According to Billionaire Ken Griffin

3. Apple Inc (NASDAQ:AAPL)

Ken Griffin’s Stake: $719M

Billionaire Ken Griffin loaded up on a whopping 3,381,231 more Apple Inc (NASDAQ:AAPL) shares during the September quarter, boosting his stake in Apple Inc (NASDAQ:AAPL) to a massive $719 million.

Apple Inc (NASDAQ:AAPL) shares were in the spotlight on December 22 after the company halted Apple Watch sales due to a patent dispute.

Wedbush’s Dan Ives recently said he believes Apple Inc (NASDAQ:AAPL) could hit $4 trillion in market cap in 2024.

Hayden Capital made the following comment about Apple Inc. (NASDAQ:AAPL) in its third 2023 investor letter:

“Even Berkshire Hathaway’s most famous investment of the last decade – Apple Inc. (NASDAQ:AAPL) – was based on a similar set up. When Berkshire invested in 2016, Apple’s subscription revenues were just starting to cross ~10% of total revenues. Today, that figure is ~25%.

While operating income has grown +90% from 2016 to 2023, the valuation multiple itself has expanded by ~300%, from ~6x EV/EBIT to ~24x EV/EBIT today.

Investors have evolved their perception of Apple’s products – from that of a “fad” hardware company at risk of competition, to that of a “consumer staple”, a necessary part of a household’s budget…” (Click here to read the full text)