Jim Cramer Discussed These 12 Stocks Amidst The DeepSeek AI Selloff

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5. Apple Inc (NASDAQ:AAPL)

Number of Hedge Fund Holders In Q3 2024: 86

Apple Inc (NASDAQ:AAPL) is once again the most valuable company in the world after Monday’s DeepSeek rout. The selloff saw NVIDIA bleed almost $600 billion in market value while Apple Inc (NASDAQ:AAPL) escaped unscathed as its shares closed 3.18% higher. At the heart of the firm’s fortune is its lack of exposure to the multi-billion enterprise AI capital expenditures that have driven the market and exposure to consumer AI via the iPhone and other products. Cramer also commented on Apple Inc (NASDAQ:AAPL)’s share performance:

“[on Apple trading defensively] Yes it does although it’s got very high you know, plus thirty multiple. .

“[On Apple shares underperforming recently] Well what do you think of that? Everyone was shorting it ahead of the quarter.

“[On Apple being a potential beneficiary from perceptions of DeepSeek’s reduced AI costs] Because they were a free rider to begin with. . . .no you mean like, maybe you have to start paying Apple to take your AI. . . . we’ve seen it happen, the Justice Department didn’t like their last deal.”

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