Analyst

A Car Could Drive Apple’s Market Cap to $3 Trillion, Analyst Says. Here’s How.

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Apple has the resources to make a car, says Citi analyst Jim Suva.


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The

Apple

Car is coming, and it could be spectacular. At least, that’s what Citi analyst Jim Suva thinks.

In a deep-dive research note Friday, Suva writes that entering the automotive market could be the catalyst that drives Apple’s market capitalization to $3 trillion from $2 trillion. While there has been plenty of talk about an Apple car, the company hasn’t addressed the possibility, and has a policy of not discussing future product plans.

“Yes, we do believe Apple will likely make an Apple Car via outsourced production and that this will be part of the road for Apple to travel from a $2 trillion market cap to $3 trillion,” Suva writes.

He concedes that cars would have margins below the current corporate average, but thinks the returns to Apple would be

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Apple Could Partner With Hyundai for Apple Car, Says Analyst

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Ming-Chi Kuo of TF Asset Management sees the Apple Car using a Hyundai design for the chassis. Kia will provide the U.S. production line, Kuo writes.


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The Apple Car chatter got a little louder on Tuesday, after the closely followed analyst Ming-Chi Kuo wrote in a research note that he believes the company will collaborate with the Hyundai Group to build an

Apple

Car.

Kuo, an analyst with Taiwan-based TF Asset Management, writes that the Apple Car chassis will use Hyundai’s E-GMP design (the acronym stands for Electric-Global Modular Platform) and that Hyundai Mobis, an automotive systems supplier, is in charge of design and production for some components. He also says that

Kia

will provide the U.S. production line for the car. Kia’s only U.S. manufacturing plant is in West Point, Ga.

Kuo also writes that if the partnership with Hyundai goes

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5-Star Analyst Sees Big Opportunity for Nvidia in the Automotive Sector

Nvidia’s (NVDA) recent market trouncing performance has rested on several key drivers. Namely, the outstanding growth of its data center segment, which over the last few quarters has been closing the gap on Nvidia’s biggest revenue generator, gaming, and a “friendly” macro environment which has played to the GPU leader’s strengths.

However, Nvidia has fingers in many pies, and is banking on several secular trends which are expected to ramp up in the 2020s. Along with making waves in the AI sector, the company is one of the leading players in the rising autonomous vehicle category.

For Needham analyst Rajvindra Gill, the investment firm’s recent Annual Automotive Technology Day was an opportunity to get closer acquainted with Nvidia’s “comprehensive end-to-end solution for all levels of ADAS/AV.”

The 5-star analyst was not disappointed, and said, “We believe that one of NVDA’s key differentiators in automotive is that its

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