Goldman Sachs Tech Stocks: 10 Stocks to Buy

6. Apple Inc. (NASDAQ:AAPL)

Number of hedge fund owners – 158

Apple Inc. (NASDAQ:AAPL) is a leading multinational technology company renowned for its innovative consumer electronics, software, and online services. The company operates in the consumer electronics industry, consistently positioning itself as a premium brand through a focus on innovation, sleek design, and a seamless user experience.

Recently, Apple Inc. (NASDAQ:AAPL) has faced challenges in its AI development. The company announced delays in significant AI enhancements for its Siri voice assistant, initially expected in the upcoming iOS update. These features are now postponed until early 2026, impacting investor expectations and contributing to an 11% drop in Apple’s shares last week – the most substantial weekly decline since late 2022.

Additionally, the European Commission has taken action against Apple under the Digital Markets Act, mandating the company to enhance access to its operating systems for third-party developers, aiming to foster fairer competition and innovation in the tech industry.

Apple Inc. (NASDAQ:AAPL) remains a compelling AI investment due to its in-house chip designs, which enhance product functionality and margins without requiring heavy GPU investments. However, concerns over delayed AI features, particularly Siri upgrades, have led KeyBanc analyst Brandon Nispel to cut iPhone sales growth expectations for 2025 from 7% to 1%, maintaining a sell rating with a $200 price target as of March 13.

Additional risks include tariffs and potential disruptions to Apple’s search deal with Google amid an ongoing Department of Justice antitrust case. On the innovation front, the company’s foldable devices are set to enter prototyping next month, with mass production expected in late 2026. Apple Inc. (NASDAQ:AAPL) reported $391.04 billion in revenue over the past year, and its stock currently trades at $215.24. Analysts remain divided on its outlook, with an average price target of $253.71 from 50 ratings, reflecting a mix of optimism and caution over its AI integration and market dynamics.