15 AI News That Broke The Internet

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1.   Apple Inc. (NASDAQ:AAPL)

Market Capitalization: $3.39 trillion

Apple Inc. (NASDAQ:AAPL) is a multinational technology company that designs, manufactures, and markets smartphones, tablets, PCs, wearables, and accessories worldwide. The company is a key AI player due to its investments in AI technology and integration of AI in its offerings, such as its latest iPhone 16 which comes with new AI features.

On November 13, Bloomberg reported that Apple Inc. (NASDAQ:AAPL) is about to launch its very own product in the smart home market in an attempt to catch up with its rivals. The product, code-named J490, is an AI Wall Tablet for Home Control, spotlighting the new Apple Intelligence AI platform. The product is designed to be the command center in a home, performing functions such as controlling appliances, handling videoconferencing, and even using artificial intelligence to navigate apps. This new Apple gadget will be competing with Amazon’s Echo Show and Echo Hub smart displays, as well as Google’s Nest Hub.

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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