10 AI News Investors Shouldn’t Miss

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1. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 158

Apple Inc. (NASDAQ:AAPL) is a technology company that makes personal computers, mobile devices, and software. Its recent innovation is Apple Intelligence, Apple’s AI-driven personal system. On December 23, Reuters reported that Apple is fiercely close to reaching the $4 trillion stock market valuation. The company’s AI enhancements have been proving to be significant in revitalizing iPhone’s otherwise slow-moving sales. LSEG data also shows that analysts expect revenue from iPhones to rebound in 2025.  According to Tom Forte, an analyst at Maxim Group who has a “Hold” rating and a $178 price target on the stock, the latest rally in Apple shares reflects “investor enthusiasm for artificial intelligence and an expectation that it will result in a super cycle of iPhone upgrades”.

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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