We recently compiled a list of the 10 High-Flying AI Stocks on News and Ratings. In this article, we are going to take a look at where Apple Inc. (NASDAQ:AAPL) stands against the other AI stocks.
Goldman Sachs raised its target price for Chinese stocks today. They estimate that AI adoption could significantly boost earnings growth and possibly bring in $200 billion of inflows. DeepSeek’s AI breakthrough has led these tech stocks on a strong rally, reigniting investor interest and optimism in Chinese technologies and capabilities. The firm raised its 12-month target price for China’s CSI300 to 4,700 from 4,600. It also raised its price target for MSCI China to 85 from 75.
READ ALSO: 10 AI Stocks Analysts Are Watching: Latest Ratings and News and Top 14 AI Stocks on Wall Street: News and Analyst Ratings
The Chinese startup may be all the rage for Chinese stocks, but some countries are exercising caution all the same. In the latest news, South Korea’s data protection authority has suspended new downloads of the Chinese AI app from DeepSeek. This is after DeepSeek acknowledged failing to take into account some of the agency’s rules on protecting personal data. The Personal Information Protection Commission (PIPC) has notified that the app service will be resumed once improvements are made according to the country’s privacy law. Even though DeepSeek’s web service remains accessible in the country, new downloads of the app are restricted.
Previously, the US Navy also instructed its members to avoid using artificial intelligence technology from China’s DeepSeek. According to the Navy, DeepSeek’s AI was not to be used “in any capacity” due to “potential security and ethical concerns associated with the model’s origin and usage”. In a similar move, Italy’s data protection authority, the Garante, has also ordered DeepSeek to block its chatbot in the country. This is because it failed to address the regulator’s concerns over its privacy policy.
Notably, BBC reported that the the first member of a Western government to raise privacy concerns about DeepSeek has been Australia’s science minister, Ed Husic. Husic has raised “data and privacy management” concerns over DeepSeek.
“I would be very careful about that, these type of issues need to be weighed up carefully”.
DeepSeek has failed to respond to requests for comment on these issues.
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A wide view of an Apple store, showing the range of products the company offers.
Apple Inc. (NASDAQ:AAPL)
Number of Hedge Fund Holders: 158
Apple Inc. (NASDAQ:AAPL) is a technology company. On February 13, Bloomberg reported that the company is planning to launch a product on February 19. Chief Executive Tim Cook has described the product as the “newest member of the family”. Posting on X, Cook released a short animation of a metallic Apple Inc. (NASDAQ:AAPL) logo along with the message, without releasing more details.
One possible clue caught through Cook’s animation, which shows the shape of the home button disappearing, is that the new device will be the end of the home button. Bloomberg News further reported that the new model will also include Apple Intelligence and the A18 chip, which is currently featured in the iPhone 16. Moreover, the model will also be Apple Inc. (NASDAQ:AAPL)’s first device with an in-house cellular modem chip.
Overall, AAPL ranks 2nd on our list of the high-flying AI stocks on news and ratings. While we acknowledge the potential of AAPL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than AAPL but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stock To Buy Now and Complete List of All AI Companies Under $2 Billion Market Cap.
Disclosure: None. This article is originally published at Insider Monkey.
