10 AI Stocks on Analysts’ Radar Right Now

5. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 159

Apple Inc. (NASDAQ:AAPL) is one of the 10 AI Stocks on Analysts’ Radar Right Now. On July 18, HSBC maintained a “Hold” rating on the stock with a $220 price target. The firm has quoted a “5% regulatory discount” and warning that tariff and legal uncertainties may limit near-term upside.

HBSC analysts claim that Apple’s AI efforts for driving hardware upgrades through artificial intelligence have been falling short. Therefore, it needs a more compelling AI experience to revive AI sales.

“The iPhone still represents about half of Apple’s sales,” HSBC wrote. But “initial hopes that AI would accelerate the renewal cycle have been short-lived.”

According to the bank, Apple Intelligence has “so far failed to trigger significant improvement in user experience.”

A delayed AI-powered Siri implies users may be delaying iPhone upgrades, which is why the company is relying on hardware upgrades to boost demand.

“Better specs with iPhone 17 in September should entertain the demand, in-line with what has been seen with the iPhone 16.”

Tariffs are also a major concern for the company. The firm believes that the company “cannot re-localise production fast enough to avoid U.S. tariff hikes.”

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