10 AI Stocks to Watch Now

6. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 166

Apple Inc. (NASDAQ:AAPL) is a technology company. On April 9, Jefferies upgraded the stock to “Hold” from underperform despite concerns about weak phone demand and tariffs.

“Our base case remains that AAPL would be exempted from U.S. tariffs, given its commitment to invest $500B in the U.S. over the next four years, and our belief that it would make additional manufacturing investment commitment in the U.S. (to make iPhone, for example). However, a rising risk of global recession could further impact already-weak iPhone demand.”

Apple has made a commitment to invest $500 billion in the US, with a significant focus on artificial intelligence development and manufacturing. On this note, the firm is optimistic that the Trump administration will exempt it from tariffs. Regardless, there is a rising risk of a global recession that may impact iPhone demand.