Apple stock price prediction hedge funds have increased tech

Hedge funds have increased tech weighting by 5% this quarter. Nvidia knows this, which is why its recently-announced $100 billion OpenAI partnership looks more defensive than offensive. OpenAI is one of Nvidia's biggest customers, but it has also been developing its own chips. With this investment, Nvidia is effectively paying to keep OpenAI tied to its GPUs, which is a risky kind of circular financing that echoes what Cisco did during the internet bubble. Services are Apple’s next-biggest revenue contributor over our forecast, and we forecast more than 10% services revenue growth over the next five years. Services are driven in large part by revenue from Google for its status as the default search engine on the Safari browser, as well as Apple’s cut of App Store revenue. We expect solid growth in Google revenue but see a more mixed outlook for App Store results, where we forecast growth in overall app revenue but progressively lower cuts going toward Apple later in the decade as a result of regulatory pressures. Elsewhere, we see mostly double-digit growth across revenue from Apple Music, Apple TV+, Apple Pay, AppleCare, and Apple’s other services. Any breach of these zones might catalyze momentum plays toward $