10 AI Stocks on Latest News and Ratings

2. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 158

Apple Inc. (NASDAQ:AAPL) is a technology company that has recently launched Apple Intelligence, its intelligence system. One of the biggest analyst calls on Wednesday, January 29, was for Apple Inc. Oppenheimer downgraded the stock to “Perform” from “Outperform” and removed its $250 price target on the stock. The ratings, issued ahead of its earnings on January 29, quoted a “weaker outlook” for iPhone sales in the next 12 to 18 months, a lack of AI innovation, and challenges in the Chinese market. The analyst also expects a slower-than-expected iPhone replacement cycle heading into fiscal 2026. In this period, he sees just 2% shipment growth. The analyst noted the gradual rollout of Apple Intelligence, Apple’s lack of generative AI apps for consumers, and the advancements in capabilities from other AI models to cause this slow growth. Due to these reasons, the analyst believes it will be difficult for Apple to outperform.

“We see little upside to Apple’s valuation and believe it is hard to justify its premium multiple with slower iPhone growth and Apple’s uncertain role in the early stages of gen AI adoption among consumers”.