15 Stocks ChatGPT Predicts Could Make You Wealthy in 10 Years

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1. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 158

Apple Inc. (NASDAQ:AAPL) is a leading American technology company known for its consumer electronics, software, and other related products. Its premium line of products, which includes the iPhone, iPad, Mac computers, and a range of other accessories, has earned Apple widespread acclaim and customer loyalty.

On October 31, the company announced financial results for the fourth quarter of fiscal 2024, beating Wall Street expectations for both revenue and earnings. It posted a quarterly revenue of $94.9 billion, up 6% year-over-year. The iPhone, which accounts for nearly half of Apple Inc. (NASDAQ:AAPL)’s overall revenue, registered a 6% growth in revenue.

The company’s newest iPhone device, launched on September 20, gave Apple only a week of sales ahead of the earnings call. Despite that, the tech giant had a record business performance during the month, driving nearly $27 billion in operating cash flow. This allowed the company to return over $29 billion to shareholders for Q4 in dividends and repurchases.

The integration of artificial intelligence in the newly launched iPhone 16 has renewed investor confidence. Mar Vista Focus strategy stated the following regarding Apple Inc. (NASDAQ:AAPL) in its Q2 2024 investor letter:

Investors were reminded of the strength of the Apple Inc. (NASDAQ:AAPL) ecosystem as management demonstrated how generative AI solutions would be integrated into Apple’s 1.2 billion iPhone installed base. Apple plans to integrate generative AI features into its iOS 18, which will be broadly released in the fall with the iPhone 16. We believe Apple should benefit from generative AI as it will spur a meaningful iPhone upgrade cycle and create new avenues of monetization through its app store and advertising offerings. We believe this will support intrinsic value growth ranging between high-single-digits and low-double-digits over our investment horizon.

Wall Street analysts are bullish on the stock with a consensus Buy rating and average share price upside potential of 8%.

Overall, AAPL ranks first among the 15 Stocks ChatGPT Predicts Could Make You Wealthy in 10 Years. While we acknowledge the potential of technology companies, our conviction lies in the belief that 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: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap

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