20 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. Just a few weeks after launching the new iPhone with Apple Intelligence, a suite of AI features heavily marketed by the tech giant, a new Apple event is likely to take place in October that would unveil the newest versions of the MacBook Pro, iMac, and the Mac Mini. The new computers would also come pre-loaded with Apple Intelligence and are expected to rival AI workloads of PCs announced by Apple rival Microsoft in the last few months. Apple had debuted Apple Intelligence back in June, the first step of the tech giant into the world of generative AI.

Morgan Stanley recently reiterated an Overweight rating on Apple Inc. (NASDAQ:AAPL) stock with a $273 price target. In an investor note, the advisory noted that Apple iPhone 16 lead times were improving but were still tracking lower year-over-year. However, lead times as a proxy for demand this early had little predictive power, contended the analysts at Morgan Stanley, who argued that the trajectory of lead times in the next 10 days was more important. First two-week lead times were directionally predictive of next 12 month shipments at the model level, but not for December quarter iPhone build revisions or total iPhone shipments, added the analysts.