30 AI News Investors Should Not Miss

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4. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 184 

Apple Inc. (NASDAQ:AAPL) is a consumer electronics firm. Bank of America recently reiterated a Buy rating on the stock with a price target of $256. In a research note on the firm, the advisory noted that tracking of iPhone ship dates on Apple’s own website, and various carrier websites, indicated that as of October 2, or 20 days after preorders started, ship time in days for the iPhone 16 Pro and Pro Max models were extended, but somewhat less, on average, compared to prior years. Globally, per the advisory, on average, ship time for the iPhone 16 Pro was currently at 13 days, while iPhone 16 Pro Max stood at 20 days. The note detailed that the initial demand for the phones could be lower due to the unavailability of Apple Intelligence at launch, but would pick up after the AI features were available.

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