Jim Cramer’s Latest Thoughts on the Magnificent Seven

3. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 166

Cramer mentioned that all the negatives are priced in Apple Inc. (NASDAQ:AAPL) stock and remarked:

“How about Apple? Look, lots of people really abhor Apple here and the myriad bears have been feasting this way, which is why it now trades at just 30 times earnings but Apple has 1.3 billion users.

I think they have the leverage to let others spend fortunes on AI to get into their universe, that more than makes up for the Siri-gate fiasco. Okay, what’s not in the numbers here? The release of a foldable phone next year with big average selling price. Plus, I think most of the negatives are getting priced in, if not all of them. Kind of compelling, certainly compelling lower.”

Apple (NASDAQ:AAPL) designs and sells various consumer electronics, such as smartphones, computers, tablets, wearables, and accessories, in addition to offering services. The company also runs subscription services like Apple Music, Apple TV+, and Apple Arcade, while overseeing platforms like the App Store and Apple Pay.