10 AI News Investors Should Not Miss

3. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 184

Apple Inc. (NASDAQ:AAPL) is an American technology company engaged in the design, manufacture, and marketing of smartphones, tablets, PCs, wearables, and accessories worldwide. The company integrates artificial intelligence in many of its popular features, such as Siri, and Face ID, and has also recently launched Apple Intelligence, the company’s personal intelligence system.

Rosenblatt raised the price target on Apple Inc. (NASDAQ:AAPL) to $262 from $261 and kept a “Buy” rating on the shares. According to the analyst, Apple’s fiscal Q4 earnings report demonstrated strength in iPhone sales, even though the December quarter guidance came in slightly below expectations. However, there remains a strong sense of long-term optimism for Apple Intelligence. Overall, the firm says its estimates have seen minimal adjustments following the report.