5 Best 5G Stocks To Buy According to Hedge Funds

3. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 131

Apple Inc. (NASDAQ:AAPL), a leading consumer electronics company, stands to benefit from the increasing adoption of 5G applications and content. As more users upgrade to iPhones that support 5G, Apple Inc. (NASDAQ:AAPL) is expected to experience growth in its services and software revenue.

On March 5, investment advisory firm Wedbush reiterated an Outperform rating on Apple Inc. (NASDAQ:AAPL) stock, setting a price target of $250.

According to data from Insider Monkey’s database, as of the end of the fourth quarter of 2023, 131 hedge funds held stakes in Apple Inc. (NASDAQ:AAPL), with a total value of $205 billion. This compares to 134 hedge funds in the previous quarter, with stakes totaling $179 billion.