Tech investor who nailed Apple's 50% run to $2 trillion says there's a lot more upside ahead

Customers distance before entering an Apple Store during phase one of reopening after the COVID-19 lockdown in New York City, New York, U.S. June 17, 2020.
Brendan McDermid | Reuters

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Tech investor Gene Munster, who in January correctly foresaw Apple's jaunt to a $2 trillion market cap, said Wednesday he still sees reasons for the iPhone maker's stock to run even higher. 

"As we think about what is fair value — and I think that is an important, a critical topic, with understanding why this stock can be $600 or better — is that this still trades at a discount to some of its FAANG peers," Munster said on "Squawk Alley."