Billionaire Ken Fisher’s Top 15 Stock Picks Heading into 2025

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1. Apple Inc. (NASDAQ:AAPL)

Fisher Asset Management’s Equity Stake: $13.66 Billion

Number of Hedge Funds Holding Stakes: 158

Apple Inc. (NASDAQ:AAPL) is a tech giant best known for its iPhone, Mac computers, and iPads, among other hardware products. Hardware sales account for the biggest share of the company’s revenues at 75%. Nevertheless, the company also generates significant revenues from selling services. Its service segment includes the Apple Pay, App Store, Apple Music and iCloud units. It also offers advertising services.

Apple Inc. (NASDAQ:AAPL) is one of Ken Fisher’s top stock picks for 2025, with a 27.84% gain this year. Investors are optimistic about Apple’s future due to its strong financial performance, innovative products, and high demand for iPhones. On October 31, Apple reported a record fourth-quarter revenue of $94.9 billion, up 6% from last year, driven by the iPhone 16 series, Apple Watch Series 10, and AirPods 4. CEO Tim Cook also highlighted new Apple Intelligence features. On October 30, Apple introduced the M4 Pro and M4 Max chips, which improve Mac performance and efficiency.

Similarly, Apple Inc. (NASDAQ:AAPL) is staring at new revenue opportunities with the integration of artificial intelligence under Apple Intelligence. The company is integrating AI into its iPhones and services as one of the ways of fuelling demand to enhance the upgrade cycle. According to Citi’s Consumer Electronics Holiday Survey, smartphone spending and purchase intentions are rising, with iPhone preference rising to 48% from 46% the previous year.

In their third quarter 2024 investor letter, Madison Investments said the following regarding Apple Inc. (NASDAQ:AAPL):

“Alphabet Inc., Eli Lilly and Company, Qualcomm Incorporated, Microsoft Corporation, and Apple Inc. (NASDAQ:AAPL) were the largest detractors. Apple has been volatile in the last quarter but ended on strength. Early in the quarter, Apple benefited from the introduction of their AI strategy, Apple Intelligence. They followed in September with the new iPhone 16, which also created some excitement. We are underweight to Apple, which has resulted in a headwind for performance.”

While we acknowledge the potential of Apple Inc. (NASDAQ:AAPL) to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. 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: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.

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