10 AI Stocks Making Moves This Week

3. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 166

On May 8, Bloomberg News reported that the company is developing specialized chips to power future devices, including its first smart glasses, artificial intelligence servers, and new MacBooks. According to the report, Apple has made considerable progress on the chip that it is developing for smart glasses. These chips are expected to compete with Meta’s Ray-Ban models. Apple aims to begin mass production of the glasses processor by the end of next year or in 2027, which means that the glasses may hit the market in roughly two years.