10 AI Stocks Investors Are Watching Today

4. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 166

Apple Inc. (NASDAQ:AAPL) is a technology company known for its consumer electronics like iPhones and MacBooks. On May 20, a Bloomberg News report unveiled that Apple is reportedly preparing to allow third-party developers to write software using its artificial intelligence models. The goal behind the move is to boost the creation of new applications.

Per the report, the company is working on a software development kit and related frameworks. This would allow outsiders to build artificial intelligence features using its large language models that Apple uses for Apple Intelligence. The report further said that it expects to unveil the plan at its Worldwide Developers Conference on June 9.