Billionaire Chen Tianqiao Dumped 3 Tech Stocks and Betting On These 4 Stocks

3. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 158 

Shanda Asset Management’s Stake: $116.5 million

Apple Inc. (NASDAQ:AAPL) is a consumer electronics firm. This company demonstrates several qualities that make it a solid investment pick. The first factor that may attract great investment is the company’s financial growth, as reported in the third quarter of 2024. For instance, the total revenue record of $94.9 billion, up 6% from a year ago and the cash dividend was $0.25 per share of the company’s common stock. The second great factor that may attract investment is the production of the new iPhone SE model, which is being prepared for an early 2025 launch that will include artificial intelligence (AI) features. Moreover, the company has collaborated with OpenAI to integrate ChatGPT technology into its devices, which will enhance app personalization and user experience. Lastly, the integration of Apple Intelligence into a broader range of devices, including the iPhone SE 4, iPad, Apple Watch, and Apple TV, also holds great investment potential.