15 AI News Investors Shouldn’t Miss

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1. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 158

Apple Inc. (NASDAQ:AAPL) is a technology company that has gained popularity in the AI investment theme after the launch of Apple Intelligence, its AI-driven personal system.  On December 2nd, Loop reiterated Apple Inc. (NASDAQ:AAPL) as a “Buy” and said that it believes Apple has the opportunity to become the go-to choice for users to use and access generative AI, similar to how the company became essential for social media with the iPhone and digital content with the iPod.

“Our thesis is that AAPL has an opportunity the next few years to solidify itself as consumer’s Gen AI ‘base camp’ of choice, just as it did for social media 15 years ago (with iPhone) and digital content consumption 20 years ago (with iPod)”.

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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