10 AI Headlines Making Waves Today

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1. Apple Inc. (NASDAQ:AAPL)

Market Capitalization: $3.39 trillion

Apple Inc. (NASDAQ:AAPL) designs, manufactures, and markets smartphones, tablets, PCs, wearables, and accessories worldwide. It is a key AI player due to AI investments, offerings, and now Apple Intelligence.

A major analyst call for Apple Inc. (NASDAQ:AAPL) came on Tuesday, November 12, from Bank of America Securities. The firm says it is sticking with its buy rating on the stock as it is confident in the company’s future prospects, particularly its silicon technology and expansion in the services segment.

“We maintain Buy on Apple given margin expansion from silicon roadmap and growth in Services, with rev for Mac expected to increase +8% y/y in C24”.

-Bank of America Securities

While we acknowledge the potential of AAPL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than AAPL but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.

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