10 Hot AI Stocks to Watch Right Now

3. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 166

Apple Inc. (NASDAQ:AAPL) is a technology company. On February 24, the company announced its largest-ever spending commitment, highlighting plans to spend and invest more than $500 billion in the U.S. over the next four years. The investments include an advanced manufacturing facility in Houston for artificial intelligence servers that support Apple Intelligence, a doubling of its U.S. Advanced Manufacturing Fund, and the creation of an academy in Michigan to train the next generation of U.S. manufacturers, amongst other things.

It will also add about 20,000 research and development jobs across the country in that time. According to the company, the $500 billion spending commitment includes Apple’s work with thousands of suppliers, direct employment, Apple Intelligence infrastructure and data centers, corporate facilities, and Apple TV+ productions.

“We are bullish on the future of American innovation, and we’re proud to build on our long-standing U.S. investments with this $500 billion commitment to our country’s future. From doubling our Advanced Manufacturing Fund, to building advanced technology in Texas, we’re thrilled to expand our support for American manufacturing. And we’ll keep working with people and companies across this country to help write an extraordinary new chapter in the history of American innovation.”

-Tim Cook, Apple’s CEO.