Could Warren Buffett's Favorite Stock Double Your Money in 5 Years?
Warren Buffett's favorite stock, Apple, has shown significant growth, advancing 900% since his initial investment. While Buffett has reduced his position, Apple remains his largest holding, indicating confidence in its prospects. To double in five years, Apple's market cap would need to reach $8.1 trillion, requiring a CAGR of 9.6%. Although this growth rate is unlikely, Apple remains a strong investment due to its brand strength, recurrent revenue, and AI advancements, making it a solid choice for long-term wealth building.