Coatue’s 35 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. In October 2024, the company launched Apple Intelligence, a personal AI system for iPhone, iPad, and Mac, designed to assist users in writing, expressing themselves, and completing tasks efficiently. This system emphasizes user privacy by processing data on-device, ensuring personal information remains secure. Financially, Apple reported a record revenue of $94.9 billion in the September 2024 quarter, marking a 6% increase from the previous year. CEO Tim Cook attributed this growth to the introduction of new products, including the iPhone 16 lineup, Apple Watch Series 10, and AirPods 4. Despite the introduction of AI features, the iPhone 16 series did not experience a significant sales boost, leading to concerns about the immediate financial benefits of AI.

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