The actions of Apple They climbed more than 9% in the last month, placing it in second place among major technology stocks, just behind Tesla and in first place among the world’s largest companies by market capitalization. It is worth remembering that this stock is listed in the local market through its Cedear.
This growth occurs amid a slow increase in income and uncertainty related to tariffs due to the trade war that Donald Trump seeks to intensify.
Despite some challenges, such as a muted market response to its latest iPhone and weaker-than-expected earnings reported in late October, Investor confidence in Apple is strong.
Apple among the shares of the Norwegian guru, Halvorsen
Ole Andreas Halvorsenfounder and CEO of Viking Globalhas built one of the most respected names in the hedge fund world. Born in Norway, Halvorsen graduated with a degree in economics from Williams College in 1986.
He later earned a graduate degree in business from Stanford University. After his first contact with finance working for Morgan Stanleyis part of a select group of investors known as the “Tiger Cubs”, former protégés of the hedge fund legend Julian Robertsonwho later launched their own successful labels.
Viking Global, based in Greenwich, Connecticut, has become an investment powerhouse. In 2023, the firm delivered impressive returns of $6 billion for its investors, placing it just behind giants like Citadel and TCI. Much of this success came from smart bets on big names. That same year, Halvorsen decided to reopen Viking Global’s flagship long/short fund to new investors. More than a decade ago, he had closed the fund, citing its size as an obstacle to discovering profitable trading opportunities.
That said, Halvorsen is not limited to bullish bets. While long positions are Viking Global’s bread and butter, the firm has also employed strategies that allow it to profit from short positions during years of turbulent markets, such as 2020 and 2022. The billionaire firmly believes that effective and profitable trading requires a careful analysis and disciplined long-term assessment.
This philosophy has shaped Viking Global’s portfolio into a balanced mix of long and short-term investments. While his primary focus remains long-term investments in public and private companies, Halvorsen is not afraid to take “thoughtful risk” to maximize returns. This balanced approach, combining strategic risk with a commitment to disciplined analysis, is at the heart of Viking Global’s success.
This year, Viking funds have made a strong comeback. Its hybrid fund, Viking Global Opportunities, which invests in both public stocks and private companies, returned a modest 1% in the third quarter, reducing its year-to-date losses to 1.6%. Meanwhile, its private asset fund, Viking Global Opportunities Drawdown, gained 4.2% in the quarter, bringing its annual total return to 8.3%.
After a difficult second quarter, These results show that Viking is back on the right track and is causing an impact in the world of investments. Overall, as of Q3 2024, Halvorsen’s 13F portfolio reflects a strong focus on the healthcare, financial, services and technology sectors. The total value of the portfolio amounts to more than US$27.43 billion, marking an increase of 1.5% compared to the previous quarter.
Apple Inc. (NASDAQ: AAPL), known for its iconic iPhone, Mac computers and iPads, also derives significant revenue from its services segment, which includes Apple Pay, the App Store, Apple Music and iCloud.
On October 31, Apple Inc. (NASDAQ: AAPL) announced record fourth-quarter revenue of $94.9 billion, an increase of 6% from a year ago, driven by strong demand for the iPhone 16 series, the Apple Watch Series 10 and the AirPods 4.
The company is also preparing for the release of its 18.2 software update, which will introduce a series of features powered by artificial intelligence and is expected to be implemented soon. Additionally, the tech giant is expanding its services to new markets, with the highly anticipated launch of Apple Intelligence in China, marking an important step in its global growth strategy.
Source: Ambito
I am Pierce Boyd, a driven and ambitious professional working in the news industry. I have been writing for 24 Hours Worlds for over five years, specializing in sports section coverage. During my tenure at the publication, I have built an impressive portfolio of articles that has earned me a reputation as an experienced journalist and content creator.
