AI News You Should Not Have Missed

Page 10 of 11

2. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 184 

Apple Inc. (NASDAQ:AAPL) is a consumer electronics firm. There has been lots of chatter around the company joining a funding round for OpenAI, a California-based AI startup that rose to fame after launching ChatGPT in late 2022. The latest estimates for the valuation of the startup place the worth of the firm at around $100 billion. Experts differ over the reasons that the tech giant might be investing in the company. Investment advisory Bank of America has detailed that a bigger Apple-OpenAI partnership might be on the cards if the former makes a large investment in the latter, possibly to rival Google in internet search.

Apple Inc. (NASDAQ:AAPL) has earned bullish reviews from Wall Street ahead of the release of the latest iPhones. Citi has a Buy rating on the shares with a price target of $255. In a recent investor note, the advisory named the firm as the top AI stock pick for 2025, noting that developer feedback on iOS18 beta artificial intelligence features, including the recently launched new photo feature to remove unwanted objects, points to AI as a compelling upgrade for iPhone refresh next year.

Page 10 of 11