5 Stocks That Will Make You Rich in 5 Years According to ChatGPT

This article presents an overview of the 5 Stocks That Will Make You Rich in 5 Years According to ChatGPT. For a detailed overview of such stocks, read our article, 15 Stocks That Will Make You Rich in 5 Years According to ChatGPT.

5. Apple Inc (NASDAQ:AAPL)

Number of Hedge Fund Investors: 134

ChatGPT believes Apple Inc’s (NASDAQ:AAPL) ecosystem of apps and services, along with Apple Inc’s (NASDAQ:AAPL) “focus on innovation,” make the stock worth buying to get rich in the next five years.

Earlier in December, Morgan Stanley released a list of stocks with high growth and low volume. Morgan Stanley has rated these stocks as Overweight. Apple Inc (NASDAQ:AAPL) made it to the list.

Dan Ives of Wedbush recently said Apple Inc (NASDAQ:AAPL) could hit $4 trillion 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)