10 AI News Stories You Can’t Miss

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1.     Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 158

Apple Inc. (NASDAQ:AAPL) has emerged as a significant player in the AI space after the launch of Apple Intelligence.

On November 19, KeyBanc maintained its “Underweight” rating on Apple Inc. (NASDAQ:AAPL) and a $200 price target. According to a firm by the survey, iPhone 16 sell-throughs during October came in higher than expected, increasing 8% year over year. The firm noted that the greatest demand is seen by the iPhone 16 Pro Max, followed by Pro due to its camera upgrades. Apple Intelligence, however, caught little consumer interest.

“Apple AI remained a non-factor, as consumer interest in the new AI features was low, and there were only a few inquiries about these advancements”.

While we acknowledge the potential of APPL 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 APPL 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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