Jim Cramer Discussed These 18 Stocks After Major AI Event

3. Apple Inc (NASDAQ:AAPL)

Number of Hedge Fund Holders In Q3 2024: 158

Apple Inc (NASDAQ:AAPL) is the most valuable consumer technology company in the world. However, its shares have been off to a slow start in 2025 as they are down by 4.9% year-to-date. The sell-off in Apple Inc (NASDAQ:AAPL)’s shares is primarily due to dampening investor expectations about the firm’s ability to entice its users to use AI products and services. The stock had gained in 2024 on the back of Apple Inc (NASDAQ:AAPL)’s brand loyalty leading the push to consumer AI. As for Cramer, he commented on an oft-ignored aspect of the firm’s AI presence and a downgrade by Moffet Nathanson:

“[On the Moffett Nathanson downgrade]”Well let’s first talk about the fact that this man had a hold on it during one of the greatest runs I’ve ever seen in my career. Second, it is multiple stretched. I’m gonna give them that. But, you don’t know what, Apple, is the free rider of all time. Now I did think the one thing that was interesting was it did talk about the Google, the lawsuit, that Google might not pay them. But you know that lawsuit, that’s gonna be resolved in 2027 that’s when I’m gonna put it on the docket. There isn’t anyone who thinks that it’s gonna be resolved in next year even.

“But I just think, oh it’s an easy shot. You know the stock’s been down five, seven days, a little rally yesterday, it goes up. Look I don’t think the quarter’s going to be that certain, but I do think that there’s a new way to look at Apple. And he ought to get on board. The way to look at Apple is just that they didn’t have to spend anything on AI. Everyone else is spending eighty billion!”