Top 12 AI Stocks Dominating the Market Right Now

Page 8 of 11

4. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 158

Apple Inc. (NASDAQ:AAPL) is a technology company. On February 11, Evercore ISI analyst Amit Daryanani lauded the partnership news between Apple and Alibaba which aims to help roll out artificial intelligence features for iPhone users in China. Daryanani reiterated his “Outperform” rating on the stock with a price target of $260. According to the analyst, this partnership is good news for Apple given its commentary that noted how iPhone sales have been stronger in markets where AI features are available.

“China has become a more competitive market in recent quarters, so it is encouraging to see some positive developments given many expected securing regulatory approval for AI features to be a challenge.”

Page 8 of 11