19 Trending AI Stocks on Latest Analyst Ratings and News

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2. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 184 

Apple Inc. (NASDAQ:AAPL) is a consumer electronics firm. The stock has been hit in recent days following reports that the pre-orders for the much-awaited iPhone 16 series have been below analyst expectations and are down more than 10% compared to pre-orders for the previous version of the phone. According to reports, 37 million units of the new iPhone have been ordered, and one of the main reasons behind the slowdown in orders has been the lower-than-expected demand for the iPhone 16 Pro. In the Pro version of the new iPhone, Apple Intelligence, the AI-powered features of the new Apple software, are not available at launch. China competition has also impacted iPhone sales.

When it comes to Apple Inc. (NASDAQ:AAPL), Wall Street analysts have bullish views. 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.

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