15 AI News You Must Read Today

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1. Apple Inc. (NASDAQ:AAPL)

Market Capitalization: $3.39 trillion

Apple Inc. (NASDAQ:AAPL) is a multinational corporation and technology company. This AI player has been heavily investing in artificial intelligence technology. Recently, it revealed its personal artificial intelligence system, Apple Intelligence, across many of its devices.

On November 13, Evercore ISI reiterated Apple Inc. (NASDAQ:AAPL) as “Outperform” with a price target of $250. The analysts deem it as one of their top picks heading into 2025, affirming that the tech giant is set to benefit from artificial intelligence in the long term.

“The impact of Apple Intelligence on iPhone sales remains highly debated and while it is unlikely we will see a super cycle this year, we do not think this should be overly concerning for investors”.

As more AI features get incorporated, iPhone growth is also ticking higher, analysts note. Moreover, they state that the company’s AI strategy isn’t just limited to iPhones, rather, the company also possesses the ability to monetize third-party AI efforts. This ability will enable them to reap the AI rewards without the massive uptick in CapEx witnessed by their mega-cap peers, they penned.

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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