(NASDAQ: AAPL) shareholders have had a great 2023. The stock has gained 50% through early December and is sitting near its all-time highs as the year draws to a close.
Investors have good reasons to be excited about the tech giant's growth prospects over the next several years. But much of that optimism is already reflected in Apple's valuation, which is sitting at $3 trillion today.
That massive market capitalization does make it less likely that investors will see a repeat of 2023's returns in the coming year. But the stock might still be a good buy for patient investors. Here's why.
Source Fool.com