5 Most Profitable Tech Stocks To Invest In

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1. Apple Inc. (NASDAQ:AAPL)

Number of Q4 2023 Hedge Fund Shareholders: 242

Latest Trailing 12 Month Net Income: $100.9 billion

Apple Inc. (NASDAQ:AAPL) is the biggest technology company in the world in terms of profits. However, its bread and butter iPhone is now at the center of a fresh lawsuit by the Justice Department, which accuses Apple Inc. (NASDAQ:AAPL) of shirking away from competition by locking its system.

During Q4 2023, 131 out of the 933 hedge funds part of Insider Monkey’s database had invested in Apple Inc. (NASDAQ:AAPL). Warren Buffett’s Berkshire Hathaway was the largest shareholder due to its $174 billion stake.

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Should you invest $1,000 in Apple right now?

Before you buy stock in AAPL, consider this:

The Insider Monkey Quarterly Newsletter just identified what we believe are the 14 best stocks for investors to buy now… and AAPL wasn’t one of them. The 14 stocks that made the cut could produce monster returns in the next few months.

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Disclosure: None. You can also take a look at 11 Most Undervalued Cybersecurity Stocks To Buy According To Analysts and 20 Largest Companies in the World by Market Cap in 2024.

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