Billionaire Peter Thiel’s hedge fund, Thiel Macro, liquidated positions in Apple and Microsoft during the fourth quarter of 2023, despite many Wall Street analysts rating both stocks as undervalued. The decision comes as Apple reported a 16% revenue increase to $144 billion, while Microsoft saw a 17% revenue growth to $81 billion.
Among 52 analysts, Apple’s median target price stands at $303 per share, suggesting an 11% upside from its current price of $273, while Microsoft has a median target price of $600, indicating a 49% upside from $402. Both companies face challenges: Apple contends with rising memory chip prices, and Microsoft faces investor concerns regarding the impact of AI on its software business.
