10 AI Stocks in Focus Amid U.S. – China Tariff Pause

4. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 166

Apple Inc. (NASDAQ:AAPL) is a technology company known for its consumer electronics, particularly iPhones and MacBooks. The stock is rising steadily today, May 12, on the tariff pause news update. On the same day, Morgan Stanley reiterated the stock as “Overweight” with a price target of $235. The firm said it sees a mixed picture on Apple Services, which includes the App Store, but that it’s sticking with the stock on the back of possible catalysts ahead such as improving U.S/China trade relations and its developers conference.

“Is Apple’s Services business more vulnerable than ever, or are recent Services concerns overblown? We believe both are true today.”