10 AI Stocks Investors Are Watching Right Now

4. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 159

Apple Inc. (NASDAQ:AAPL) is one of the 10 AI Stocks Investors Are Watching Right Now. On August 13, Bank of America reiterated its bullish stance on Dell and Apple in a note to clients on Wednesday.

The firm cited early-stage artificial intelligence adoption and a pending PC refresh cycle as key drivers for the sector.

The firm maintained a Buy rating on Apple, pointing to “resilient earnings, strong capital returns and optionality to monetize incremental avenues of growth.”

Analysts on Wall Street have a consensus Buy rating on the stock. The average price target of $240 implies a 3.2% upside; however, the Street-high target of $275 implies an upside of 18.3%.

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