Warren Buffett and Hedge Funds Are Crazy About These 10 Stocks

3. Apple Inc. (NASDAQ:AAPL)

Berkshire Hathaway’s Q1 Stake Value: $135.36 Billion

Number of Hedge Fund Investors: 150

Apple Inc. (NASDAQ:AAPL) is one of the most valuable companies in the world in terms of market capitalization and is one stock that Warren Buffett and hedge funds are crazy about. The company stands out owing to its leading iPhone product line, which has always been the key driver of revenues. Likewise, Apple Inc. (NASDAQ:AAPL) is increasingly reducing its reliance on hardware sales, focusing on services led by Apple Music, cloud computing and App Store.

Apple Inc. (NASDAQ:AAPL) confirmed that the integration of a slew of artificial intelligence features into its hardware is one factor expected to reinvigorate demand for its iPhones, which has slowed in the recent past. With AI expected to inject new life into Apple products, it remains one of the stocks worth paying attention to.

Apple Inc. (NASDAQ:AAPL) remains Buffett’s biggest holding, with stakes worth $135.36 billion despite trimming stakes by 13% in the first quarter. A total of 150 hedge funds held stakes in the company as of the end of the first quarter, an improvement from 131 as of the aid of 2023.