15 AI News That Broke The Internet

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1. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 158

Apple Inc. (NASDAQ:AAPL) has been facing problems with releasing its artificial intelligence models for iPhones and other products in China. Apple Inc. (NASDAQ:AAPL) is a technology company that has recently begun leveraging Apple Intelligence, its AI-driven personal system, to enhance its devices and services worldwide. Meanwhile, a top Beijing official has warned that foreign companies will continue to face problems to win approvals regarding deployment of AI technologies unless they partner with local groups. Monday, November 25th marked Tim Cook’s third visit to China as the company tries to navigate the complex landscape of the country, aiming to bring Apple Intelligence to the devices sold in the country. Cook also visited China in October, acknowledging the country’s complicated regulations. He stated that there is a specific regulatory process behind this and that the company needs to complete it.

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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