10 Buzzing AI Stocks on Latest News and Ratings

1.  Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 158

Apple Inc. (NASDAQ:AAPL) is a technology company that makes personal computers, mobile devices, and software. Its recent innovation is Apple Intelligence, Apple’s AI-driven personal system. On December 18, Daiwa reiterated Apple as “Outperform” and raised its price target to $275 per share from $255. According to the analyst, once a user is part of the Apple ecosystem, it is difficult to leave it. This is especially true if all of your friends and family use it too, signifying strong customer retention. Moreover, the introduction of artificial intelligence capabilities is seen as a major upgrade cycle, similar to the ones when it introduced a larger phone or triple cameras.

“Once in the ecosystem, especially with friends and family, it’s hard to move out. As per the iPhone, there have been a number of upgrade cycles over the past 5-10 years, Covid, the larger phone, triple cameras, but now we see another big one, the AI and Apple Intelligence upgrade cycle”.

-Daiwa

While we acknowledge the potential of AAPL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than AAPL but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.

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