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NW Indiana | Although I agree with you that P/E of apple is getting nose bleed (along with many other stocks) keep in mind that investors are buying future earnings so the thought process being that as the company continues to grow maybe it only takes 20 years to get your money back. All that said I think the overall market especially the tech is heading towards an AI bubble that could be similar to the dot com bubble. Caterpillar up 59% last year and already up that much again this year is insanity but they are playing the AI game even though for a company like CAT its only a shorter term fundamental change in their business. There are many examples like this and it all warrants caution. | |
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Apple
