35 AI News You 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. Jefferies analyst Edison Lee recently downgraded the stock to Hold from Buy with a price target of $205. In an investor note to clients, the analyst said the advisory was positive on the long-term potential of Apple Intelligence as Apple was the only hardware-software integrated player that could leverage proprietary data to offer low-cost, personalized AI services. However, per Lee, smartphone hardware needed rework before being capable of serious AI with a likely timeline of 2026/27. The high expectations for iPhone 16/17 were premature, contended the analyst. The analyst further noted the expectations of 5% to 10% unit growth for the iPhone were unlikely to be met.

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