17 Trending AI Stocks According to Latest News And Analyst Ratings

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2. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 150 

Apple Inc. (NASDAQ:AAPL) is a consumer electronics firm. Even though AI power on mobile devices is often a hot subject around Wall Street, the increased capabilities of personal computers and laptops running AI is often under-discussed. Recent analysis by global tech analytics firm Canalys reveals that the PC industry is on pace to ship 44 million AI-capable PCs in 2024. This would more than double to 103 million units in 2025. Apple is leading the market in this regard. The number of AI-powered PCs shipped during the second quarter of 2024 has hit close to 9 million. The AI PCs of Apple, named Mac, account for 60% of shipments, showcasing supremacy over rival Microsoft which shipped 39% of AI-capable PCs during the time.

The bullish sentiment around the tech giant is shared by experts on Wall Street. In a recent investor note, research analyst Wamsi Mohan of Bank of America maintained a Buy rating on Apple Inc. (NASDAQ:AAPL) stock with a price target of $256. The analyst even sought to allay fears regarding new EU rules, stressing that the firm appeared able to comply with the latest App Store link-out restrictions in the European Union as the Core Technology Fee would offset the lower App Store take rates required by the Digital Markets Act.

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