10 AI Stocks Surging on News and Analyst Calls

4. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 166

Apple Inc. (NASDAQ:AAPL) is a technology company. On February 19, BofA passed comments after the release of Apple’s newest member of the family, the iPhone 16e. The firm noted how Apple Intelligence is available on the device and that the 2-in-1 camera supports Visual Intelligence. However, it is yet to see whether users are going to upgrade after its release.

“Whether or not the iPhone 16e will cannibalize sales from the iPhone 16 or incentivize upgrades is something investors will be watching closely,” says the analyst,

The firm also noted how Apple’s FY25 revenue and EPS estimates of $411B and $7.30, are unchanged. The firm maintained a Buy rating and a $265 price target on the stock.