Top 12 AI Stock News and Ratings Dominating Wall Street

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1. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 158

Apple Inc. (NASDAQ:AAPL) is a technology company that makes personal computers, mobile devices, and software. Its recent innovation is Apple Intelligence, the company’s AI-driven personal system. One of the biggest analyst calls issued on Monday, December 16, was for Apple Inc. JPMorgan reiterated its “Overweight” rating on the stock with a price target of $265.00. The stock surged in the second half of the year, with the integration of AI with the iPhone and other devices driving it upward. Some analysts, however, may not agree considering the little boost to sales. According to the JP Morgan analyst, the boost is anticipated to come through with the expected launch of the iPhone 17 next year. In his view, it would drive iPhone sales from 230 million units in Apple’s fiscal 2025 year to 251 million in fiscal 2026.

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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