10 AI Stocks Poised for Big Moves

4. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 166

Apple Inc. (NASDAQ:AAPL) is a technology company. On March 3^rd, Jefferies analysts led by Edison Lee noted about Apple Inc. that China’s smartphone growth momentum is stalling and Apple’s new iPhone 16e is likely underwhelming. Industry checks have revealed how Chinese yuan, or CNY, posted negative growth for four weeks in a row, leading to deteriorated sales growth for smartphones and rising discounts last week for both iPhone (mainly 16 series) and Android flagship models.

Discussing the iPhone 16e, the analysts stated that even though sales data isn’t out yet, specifications and price comparison with iPhone 14/15 show that the former is unattractive, and that AI has no traction. The firm remains cautious about the demand for iPhone 16e. It also anticipates iPhone 14 and 15 base models to cost less than 16e.

However, the 14/15 offer two cameras (16e has only one) and largely similar hardware specifications, except for the application processor, or AP, and artificial intelligence, or AI. Regardless, the firm stated that consumers generally care less for AI, which is why it does not expect strong demand for the 16e. It maintains its “Underperform” rating on the stock with a $202.33 price target.