10 AI Stocks That Could Go Parabolic According to Financial Media

2. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 184 

Apple Inc. (NASDAQ:AAPL) is a consumer electronics firm. The company is expected to debut new AI features that will be integrated into the smart devices that it markets, including the iPhone, at an event next month. Wall Street analysts are excited about the integration of new features since they are expected to drive sales of new Apple devices, primarily because the older models will not be able to support the new features. Morgan Stanley analyst Erik Woodring, in an investor note, highlighted that Apple Intelligence remained the key to unlocking pent-up iPhone demand and accelerating replacement cycle. The analyst further forecast that the Apple event in September would heavily feature AI integration on the new iPhone 16, though iPhone pricing and iPhone battery life would also be key details to watch.

At a tech event earlier this year, Apple Inc. (NASDAQ:AAPL) revealed some of the capabilities of the new AI offering, which included massive changes to popular iPhone applications like Siri, Genmoji, and Image Playground. There are rumors that the firm may put advanced features of the AI software behind some kind of a paywall.