Top 10 AI News Updates This Weekend

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1.  Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 158

Apple Inc. (NASDAQ:AAPL) is a technology company that leverages Apple Intelligence, its AI-driven personal system, to augment its devices and services worldwide.

On November 29, Wedbush analyst Daniel Ives maintained a “Buy” rating on Apple Inc. (NASDAQ:AAPL) and set a price target of $300.00. According to the firm, iPhone 16 sales have met or exceeded global expectations. Moreover, the anticipated launch of Apple Intelligence in China and other markets, supported by a soon-to-be-announced Chinese technology partner, will potentially boost Apple’s competitive position. The company plans to release version 18.2 of its software next week, introducing key AI features such as ChatGPT integration. The firm expresses confidence in the company’s trajectory.

While we acknowledge the potential of AAPL as an investment, our conviction lies in the belief that some 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 AAPL but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.

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