Apple Is the Most Overpriced Tech Stock Right Now: Satori Fund Founder Dan Niles

An Apple logo hangs above the entrance to the Apple store on 5th Avenue in the Manhattan borough of New York on July 21, 2015. Mike Segar/Reuters

Apple Inc. is up about 14 percent year-to-date, but the stock may be overvalued, according to Satori Fund founder and portfolio manager Dan Niles.

“If you look at it in terms of how much they’re growing relative to the multiple, it just doesn’t make any sense,” Niles said Thursday on CNBC.