13 Best Big Tech Stocks To Buy Now

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5. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 184

Apple Inc. (NASDAQ:AAPL) is an information technology company and the famed manufacturer of the iPhone. It is based in Cupertino, California.

This tech giant is by far the largest company in the world and has a reputation that transcends borders. The third quarter of fiscal 2024 was Apple Inc.’s (NASDAQ:AAPL) best quarter in quite some time, with revenue growth year-over-year from products like the iPad coming in at 24%. However, many are disillusioned by this company because, despite its reputation, its growth is lagging behind many competitors in the tech space, particularly in terms of sales.

The hefty price tags that accompany any Apple Inc. (NASDAQ:AAPL) product on the market may be the biggest reason why sales seem to be lagging. However, analysts expect the iPhone 16 to bring about a massive change because this new model actually gives users a reason to upgrade. With Apple Intelligence only being available on the latest iPhone models – the 15 and 16 series – now may be the time for Apple enthusiasts to trade up from older models.

Apple Intelligence introduces generative AI on the iOS user interface and marks the first major step Apple Inc. (NASDAQ:AAPL) has taken in the field of AI. This signals to investors that the iPhone maker may finally be catching up with other big tech stocks, a development that is expected to increase growth and profitability in the coming years.

Apple Inc. (NASDAQ:AAPL) had 184 hedge funds long its stock in the second quarter, with a total stake value of $124.2 billion.

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