10 AI Stocks Gaining Momentum Right Now

4. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 166

Apple Inc. (NASDAQ:AAPL) is a technology company. One of the biggest analyst calls on Wednesday, February 26, was for Apple Inc. Analyst Mike Ng of Goldman Sachs maintained a “Buy” rating on the stock and retained the price target of $294.00. According to the firm, the strategic launch of the iPhone 16e, coupled with the significant US investments Apple has promised to build Apple Intelligence infrastructure, data centers, and more, has led to an optimistic rating for the stock.

In particular, the firm highlighted how the iPhone 16e, an entry-level phone boasting the A18 chip, Apple Intelligence, extraordinary battery life, and a 48MP 2-in-1 camera system, comes with a price increase and internalized modem which are anticipated to boost profit margins. The lack of lead time on the phone further reflects the strong supply chain management and availability, a positive sign for its sales.

“We’re encouraged by the role that iPhone 16e plays as an entry-level phone in the iPhone portfolio and believe that the price increase (relative to iPhone SE3) and internalized modem should be supportive of margins. There are no lead times on iPhone 16e.”