10 AI News Updates Investors Should Not Miss

2. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 158

Apple Inc. (NASDAQ:AAPL) is a technology company known for its iPhones, iPads, and a range of other software, consumer electronics, and services. On February 1st, Maxim Group analyst Tom Forte maintained a “Hold” rating on the stock with a $215.00 price target. The firm asserts that Apple has some significant challenges ahead, but its potential for growth in Apple’s services sector offers some resilience against them. Moreover, there are some reservations about the performance of the iPhone segment and the company’s exposure to the Chinese market, which are seen as weaknesses for the company. Another factor adding to the uncertainty around the stock is the expected upgrade cycle due to AI advancements which is still unclear. These elements demonstrate both risks and promising opportunities for Apple, leading to a Hold rating.