Tech stocks are making a comeback after a massive sell-off in the first half of the year. But tech investor Gene Munster thinks a FAANG stock could trade even higher – despite having gained nearly 10% in the past month. “I believe Apple will hit $250 [per share] over the next few years,” Munster, managing partner at tech-focused hedge fund Loup Ventures, told CNBC’s “Street Signs Asia” on Thursday. Still, Munster said shares could still fall before increase.” is a rocket ship and I think there’s room for it to have some variation. I think it can, and should, have a pullback. I put that in the context of trading,” he said. Apple has emerged relatively unscathed from this year’s bear market. The stock has lost about 8% of its value this year, beating its peers in The FAANG group as well as the tech world -heavy Nasdaq Composite.But Munster isn’t worried about short-term volatility in stocks. He’s an investor, not a trader, he said. with a business is how it can trend over the next two to five years,” he said “Growth Matters” As a large company, Apple – projected to hit $400 billion in revenue in next year – has a “growth problem”, according to Munster. So how can it grow further?” for the big markets and those big markets are the things that investors are very passionate about. interest. “”Why do I think this [stock] only $250 and you’ve got the foundation of the iPhone, but that’s what’s on the horizon, whether it’s healthcare, whether it’s augmented reality… but what can they do? That in cars could be even bigger,” he noted, noting that Apple has announced partnerships with a range of automakers, such as Land Rover, Mercedes, Porsche, Volvo and Honda, to update Car Play by the end of 2023 – a development Munster describes as “pretty impressive.” Cars need Apple It’s likely to end ‘Don’t be a hero’: Investment expert reveals how to play the market, naming the stocks she buys. Reduce the risk in your portfolio right now, says Munster, who believes Apple could even compete with automakers by introducing a car. “It’s a huge market, worth $2.5 trillion annually. The smartphone market is about $1 trillion a year. The car could be bigger than the iPhone,” Munster said. When you put them together, I’m much more confident about the $250 prospect,” he added. But Munster’s excitement about the stock also stems from the way its products tie into our everyday lives. He noted that 70% of Apple’s revenue is related to “necessities” products, citing the iPhone as an example of a product that has become “the fabric of our lives.” But Munster warns that Apple is not without risk. Its biggest risk is China.” If you look at Apple compared to, he said, the other major US-based tech companies, obviously, have the most relative exposure to China. Munster said it is looking to diversify its exposure and is in talks to manufacture some of its products in Vietnam, which will also spend about $17 billion a year to bring back technology manufacturing. US. is around $168 lower on Monday, representing a potential 48.8% upside to Munster’s price target.