Jim Cramer Recommends These 10 Stocks

1. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Investors: 184

Jim Cramer reports that MoffettNathanson has begun coverage of Apple Inc. (NASDAQ:AAPL) with a hold-equivalent rating and a price target of $211 per share. Cramer believes that Apple Inc. (NASDAQ:AAPL)’s AI initiatives will lead to a significant iPhone upgrade cycle. In his view, Apple Inc. (NASDAQ:AAPL) has always been a stock to own for the long term rather than trade frequently.

“MoffettNathanson started coverage of Apple with a hold-equivalent rating and price target of $211 a share. Analysts deep-dived the iPhone maker’s AI strategy and said they are largely positive on it, but believe the stock’s current valuation is factoring that in already. I’m a believer that Apple’s AI initiatives will spark a significant iPhone upgrade cycle. Apple has long been an “own it, don’t trade it” stock in my eyes.”

Apple Inc. (NASDAQ:AAPL) is on track for ongoing growth due to its globally recognized brand and valuable ecosystem, which includes iOS, macOS, watchOS, and a range of services. This ecosystem creates a smooth user experience that strengthens customer loyalty. The services segment, featuring the App Store, iCloud, Apple Music, and Apple TV+, has become a major revenue driver for Apple Inc. (NASDAQ:AAPL).

Apple Inc. (NASDAQ:AAPL) leads in product innovation with updates to the iPhone, iPad, Mac, and wearables. Its strong global presence and ability to adapt to different markets ensure continued growth, with expanding opportunities in regions like China and India adding to its positive outlook. Additionally, the wearables segment, particularly the Apple Watch, has seen significant growth thanks to its popularity in health and fitness, boosting sales and revenue.

While we acknowledge the potential of Apple Inc. (NASDAQ:AAPL), our conviction lies in the belief that under the radar AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than NVDA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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