12 Best Long-Term Stocks to Buy According to Ken Fisher

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1. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 166

Fisher Asset Management’s Stake: $14.8 billion 

Apple Inc. (NASDAQ:AAPL) is a consumer electronics firm. According to the fourth quarter of 2024, strong business performance in the September quarter generated nearly $27 billion in operating cash flow, enabling the company to return over $29 billion to the shareholders. In mid-February, Forbes reported that the company had released a new budget iPhone. The device comes with a price increase from the current $429 and features Apple Intelligence, along with a design similar to the iPhone 14. It is the first iPhone to include Apple’s in-house modem, a project the company has been working on for years. While Qualcomm has supplied modems for previous models and renewed its contract with Apple in September of the prior year, the company is gradually shifting toward its own technology.

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

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap

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