15 Trending AI Stocks on Latest Analyst Ratings and News

2. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 184 

Apple Inc. (NASDAQ:AAPL) is a consumer electronics firm. The buzz surrounding Apple on Wall Street these days is not related to artificial intelligence, but rather the sale of Apple stock by Wall Street legend Warren Buffett. Even as the firm prepares to debut new M4 processors and Apple Intelligence, hardware and software specifically designed for AI tasks, the Buffett sale has overshadowed the upcoming annual Apple event. Buffett reduced his stake in the firm by half during the second quarter of 2024, latest 13F filings reveal. The timing of this move seems questionable, since Apple continues to show strong iPhone shipments and has the most AI-enabled PC portfolio in the global market.

When it comes to Apple Inc. (NASDAQ:AAPL), even Wall Street analysts seem to be at odds with Buffett. Investment advisory Loop Capital has a Buy rating on the shares with a price target of $300, implying upside potential of a handsome 32%. In a recent investor note, data cited by Loop Capital supply chain analyst John Donovan suggested that iPhone shipments for the September quarter were above market expectations.