11 AI Stocks That Should Be On Your Watchlist

2. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 158

Apple Inc. (NASDAQ:AAPL) is a technology company that has recently launched Apple Intelligence, its intelligence system. On January 20, Jefferies told investors to dump Apple stock. The analysts warned of a potentially weak revenue number from the technology giant. In this respect, analyst Edison Lee downgraded shares to “Underperform” from “Hold” and also cut his price target to $200.75 from $211.84. Besides highlighting some financial concerns, Lee has also dubbed Apple’s outlook for artificial intelligence “subdued”. The analyst stated that this could be a concern for market participants who have been focusing on the potential of the technology for more than a year. Therefore, this toned-down AI interest is responsible for the weak revenue. The firm also highlighted poor iPhone sales as a cause. According to CNBC, Lee’s rating downgrade is out of line considering nineteen analysts say to buy Apple and six say it’s a hold, according to Tipranks.com.