15 Buzzing AI Stocks Making Headlines

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1.     Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 158

Apple Inc. (NASDAQ:AAPL) is a technology company that designs, manufactures, and markets smartphones, tablets, PCs, wearables, and accessories worldwide. Apple Intelligence is the company’s personal intelligence system. Erik Woodring from Morgan Stanley maintained a Buy rating on Apple, with a price target of $273.00, on Monday, November 25th. The firm states that its survey checks “reinforce [the] multi-year iPhone upgrade thesis.” A survey by the firm has found that 78% of potential buyers of AI-enabled iPhones would pay a monthly subscription, potentially boosting Apple’s services revenue by $7-14 billion by 2027. The company is also improving its position in China, despite Wall Street’s concerns about increasing smartphone competition from domestic players like Huawei.

“Our 2024 AlphaWise Global Smartphone Survey confirms that iPhone upgrade rates are improving and Apple Intelligence is an emerging catalyst to iPhone upgrades, with broader availability key to unlocking pent-up demand globally”.

-Morgan Stanley analyst.

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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