Top 14 AI Stocks on Wall Street: News and Analyst Ratings

6. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 158

Apple Inc. (NASDAQ:AAPL) is a global technology company that has recently launched Apple Intelligence, its personal intelligence system. On February 13, Edison Lee from Jefferies maintained a “Sell” rating on the stock with a price target of $202.33. Lee’s sell rating comes from the strategic challenges and market conditions that Apple has been facing. In particular, the company is facing an anticipated weak demand for the upcoming SE4 model, even though it comes with major upgrades such as Apple Intelligence features and a full-size OLED display.

This is because its single rear camera and competition is limiting its appeal, the firm noted. Moreover, there are also concerns about Apple’s AI initiatives, such as its deal with Alibaba in China. The firm contends that even though such a partnership seems advantageous, there won’t be any significant differentiation in Apple’s offerings. Apple Intelligence will face difficulties in providing personalized services in China due to a lack of access to app data. Finally, the current smartphone hardware is believed to be inadequate for running advanced AI models. This may hamper Apple’s growth in AI-related endeavors.