Blackrock’s 30 Most Important AI Stocks

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6. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 158 

Apple Inc. (NASDAQ:AAPL) is a consumer electronics firm. The following factors make Apple a prime investment opportunity. Firstly, the positive financial growth portrays a great picture of the company’s stability that may attract investors. As per the reports of the third quarter of 2024, the firm generated nearly $27 billion in operating cash flow, allowing for a return of over $29 billion to shareholders. Secondly, the company has introduced Apple Intelligence, a personal intelligence system integrated deeply into iOS 18, iPadOS 18, and macOS Sequoia. This comprises multiple highly capable generative models that are specialized for users’ everyday tasks and can adapt on the fly to their current activities. Moreover, its newly launched iPhone 116 has improved Siri, advanced photo editing, and writing aids. This model also offers free ChatGPT access through a partnership with OpenAI, aiming to transform the smartphone experience with AI advancement. Lastly, the company is dedicated to integrating AI across its product lines, and has invested approximately $20 billion in AI, with an estimated $4 billion invested in 2024 alone.

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