15 AI News That Should Not Be Ignored

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1. Apple Inc. (NASDAQ:AAPL)

Market Capitalization: $3.39 trillion

Apple Inc. (NASDAQ:AAPL) is a technology company that designs, manufactures, and markets smartphones, tablets, PCs, wearables, and accessories worldwide. The company’s investment in AI technology and integration of AI in its offerings makes it a key AI player. It has recently launched Apple Intelligence, the company’s personal intelligence system.

On November 11, Citi reiterated Apple Inc. (NASDAQ:AAPL) as its top pick, sticking with its buy rating despite the stock’s heavy reliance on China. Apple continues to be a strong performer in the market, which is why the firm has a positive outlook on the stock.

“China is the main manufacturing location for Apple with more than 90% manufacturing in China, in our estimates.”

– Citi

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.

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

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