Polymarket traders have already started to play favorites as the year 2024 nears its end. The traders are placing their bets on which is the most valuable company of all, with Apple (AAPL) or Nvidia (NVDA) taking the central spotlight.
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Apple Or Nvidia: Polymarket Traders Zeroed On This One Stock
It’s been an interesting 2024 for both Apple and Nvidia as they continue to surge on top of the radar. There were times when Nvidia emerged as one of the most promising companies in terms of value metrics, and there were scenarios when the odds would favor Apple. However, as this tussle continues, Polymarket traders have chimed in to select their favorite stock out of the lot.
Per Polymarket traders, both companies have the potential to rise to the top of the radar. While it’s a tough competition indeed, the Polymarket traders have picked Apple as their favorite. The firm is leading the world with innovations, boasting a stellar market cap of $3.47 trillion. Apple, over the years, has launched remarkable consumer tech products, aiming to establish a robust positioning in the global tech space. The reputable iPhone maker has also unveiled a series of new product innovations, including the novel Vision Pro, inciting new user momentum in the market.
Polymarket traders have marked Apple as their top stock choice, adding how the firm can ace past contenders in no time.
In terms of Nvidia, Polymarket traders have expressed how Nvidia’s AI technology and the demand for its AI chips may prove an able competitor challenging Apple’s dominance.
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The Firm’s Stock Forecast
Per TipRanks, Apple is currently eyeing the $243 price mark, with a high target of $300 in the near future.
“The average price target for Apple is $243.39. This is based on 33 Wall Street Analysts 12-month price targets issued in the past 3 months. The highest analyst price target is $300.00; the lowest forecast is $184.00. The average price target represents a 3.60% increase from the current price of $234.93.”
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