Most Analysts Are Chasing Memory Stocks, But This 1 Wall Street Expert Thinks You Should Buy Apple Instead

Memory-makers have been soaring in the past few months due to the chip shortage. Manufacturers are not able to meet the demand for NAND and DRAM, and AI companies are turning desperate. They're securing whatever supply they can, and memory companies are closing down their consumer arm to meet the enterprise demand.

Amid all this disarray, however, lies Apple (AAPL) stock. Investors have chosen to buy red-hot memory stocks instead of choosing to buy a “steady Eddie” like AAPL stock, but that may exactly be why it's worth buying right now. Of course, that's if you believe this one Wall Street expert.