Tariff Hits and More: 10 AI Stocks in the Spotlight

6. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 166

Apple Inc. (NASDAQ:AAPL) is a technology company. On April 4, Needham analyst Laura Martin reiterated the stock with a “Buy” rating and a $260 price target. The stock lost around $300 million in market cap amid the new tariffs introduced by the Trump administration. Despite the recent challenges, Martin is optimistic about the stock considering the company’s commitment to significant investment in the United States.

On February 5^th, the company committed to a $500 billion pledge over four years to create 20,000 new jobs in engineering, R&D, manufacturing, and AI. This has positioned Apple favorably in the eyes of policymakers, and Wall Street is optimistic that this may increase its likelihood of tariff exemptions. Apple is also considered an iconic brand, which is also why it may secure favorable treatment, as seen in past exemptions granted during the Trump administration. Earnings per share may reduce significantly due to the tariffs, but the market is still factoring in a reasonable chance of exemptions.