17 Latest AI News and Analyst Ratings You Should Not Miss

2. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 184 

Apple Inc. (NASDAQ:AAPL) is a consumer electronics firm. AI-related developments linked to the company are eagerly followed on social media because the company already has billions of Apple devices in the hands of customers around the world, most of which would be able to perform AI tasks as Apple introduces new software features for them. Reports this week have suggested that the firm is also working on a humanoid device powered by AI, for purposes as wide ranging as use as a desktop device to a home security robot, and that production of these devices could begin as early as 2026 or 2027. The new device would run Apple Intelligence, a suite of AI offerings that will soon be rolling out on Apple devices worldwide.

Apple Inc. (NASDAQ:AAPL) is one of the few tech firms with a stellar financial record. The company has not missed third quarter consensus expectations in close to a decade. Perhaps this is the reason that investment advisory Morgan Stanley has an Overweight rating on the stock with a price target of $273 ahead of September. Analyst Erik Woodring noted in his bullish thesis that based on the latest checks, iPhone builds in July were stronger than originally expected, leading to an upward revision to September quarter iPhone builds to 54 million units, up 8% year-over-year and 2 million units higher than the previous forecast.