10 AI Stocks in Focus This Week

3. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 166

Apple Inc. (NASDAQ:AAPL) is one of the 10 AI Stocks in Focus This Week. On December 2nd, Loop Capital analyst Gary Mobley raised the price target on the stock to $325.00 (from $315.00) while maintaining a “Buy” rating. The price target raise follows updated iPhone estimates that reflect unit and ASP adjustments based on supply chain research.

“We are reiterating our Buy and raising our PT to $325 from $315, while updating our iPhone estimates to reflect unit and ASP adjustments as per the work of Loop Capital Supply Chain Analyst John Donovan (AAPL: Post Holidays Letting Out Some Air, Shoring Up the Base; 2026 Unfolding).”

Based on their work, the firm noted that Apple is experiencing a “material increase” in iPhone 17 base model units. This is an estimated 22 million more units from December quarter through June quarter than what it saw previously.

Meanwhile, there has been a corresponding decrease in iPhone 16 Pro/Pro Max models (now discontinued) and iPhone 17 Air. The firm noted that it is also incorporating iPhone 18 models into its estimates and lowering ASPs across all models for a better reflection of Apple’s subsidy absorption with carrier partners.

Apple is a technology company known for its consumer electronics, software, and services.