Top 10 AI Stocks Dominating Wall Street

2. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 158

Apple Inc. (NASDAQ:AAPL) is a technology company that has recently launched Apple Intelligence, its personal intelligence system. On January 27, Rosenblatt Securities reaffirmed a “Buy” rating on Apple with a $262.00 target price. The firm stated that its expectations for the tech giant’s December quarter are low, as demonstrated by third-party data which has hinted at disappointing iPhone performance. Other firms such as UBS have also lowered their iPhone sales forecast for December due to declining demand and falling market share in China.

The tech giant is increasingly facing competition from Chinese smartphones like Huawei. These brands have integrated advanced AI features into their phones, offering more personalized user experiences. Moreover, while Apple’s new intelligence features for the iOS 18, iPadOS 18, and macOS Sequoia 15.1 updates are expected to boost sales in 2025 as it enters new territories, Huawei has announced substantial discounts for the New Year on its premium models.

“Expectations for Apple’s Dec. quarter are low, after 3rd party data suggesting a disappointing iPhone performance. But there are mitigating factors for the Dec. quarter fears, including lack of an earnings warning, and potential for services and other devices to make up some of the iPhone gap”.

– Rosenblatt Securities