Jim Cramer and Ken Fisher Love These 5 Stocks

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This article presents an overview of Jim Cramer and Ken Fisher Love These 5 Stocks. For a detailed overview of such stocks, read our article, Jim Cramer and Ken Fisher Love These 10 Stocks.

5. Apple Inc (NASDAQ:AAPL)

Ken Fisher’s Stake: $9,582,956,861

Ken Fisher has been holding onto Apple Inc (NASDAQ:AAPL) since 2017. As of the end of 2023, the billionaire had a $10.5 billion stake in Apple Inc (NASDAQ:AAPL), which makes the stock his biggest holding. Apple Inc (NASDAQ:AAPL) shares have disappointed many recently as concerns regarding iPhone sales growth and lack of AI-catalysts haunt the stock. However, Cramer believes Apple Inc (NASDAQ:AAPL) is a stock to hold, not trade. Recently, Cramer talked about a Wall Street Journal report talking about Apple Inc (NASDAQ:AAPL) plans to develop AI chips. Cramer quoted WSJ and said that these chips would be “inference” chips for data centers to run AI models instead of training them. He said Tim Cook had told him about Apple Inc’s (NASDAQ:AAPL) “AI offense” plans but “nobody seems to care until they see it.”

The London Company Large Cap Strategy stated the following regarding Apple Inc. (NASDAQ:AAPL) in its first quarter 2024 investor letter:

“Reduced: Apple Inc. (NASDAQ:AAPL) – Reduction reflects strong performance in 2023 and resulting elevated valuation. We believe the outlook for AAPL remains strong with slow growth in iPhone (now #1 global market share) and faster growth in the higher margin services business. R&D will continue to drive new products and AAPL now has over 2 billion installed devices around the world. While near term earnings expectations appear reasonable, we felt it was prudent to reduce the position size based on risks to valuation.”

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