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Netflix vs. Apple: Stock Insights
As of November 17, 2023, Apple (NASDAQ: AAPL) boasts a market cap of nearly $4 trillion, while Netflix (NASDAQ: NFLX) has a market cap of approximately $471 billion. Netflix recently surpassed 300 million global subscribers and has raised its full-year revenue guidance, signaling a strong financial performance despite a higher forward earnings multiple of over 43.
Apple has not yet developed a significant AI strategy and is currently an outlier in the AI market, while Netflix has fully embraced generative AI for content creation and viewer engagement. Analysts recommend buying Netflix over Apple due to its clearer growth trajectory in the streaming sector and ongoing development in advertising and diverse content.
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