10 AI Stocks Surging on News Today

6. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 166

Apple Inc. (NASDAQ:AAPL) is a technology company. On April 17, Evercore ISI reiterated the stock as “Outperform” with a $250 price target. The firm said it is standing by the stock in the face of tariff headwinds. The firm acknowledged Apple’s heavy reliance on China but also talked about how the company is trying to diversify by shifting some iPhone production to India, and Wearables and Mac production to Vietnam. In the case tariffs move beyond China, the firm believes that it is still unlikely that Apple will begin production in the US.

“Apple’s efforts to diversify its supply chain should help minimize the impact from tariffs that only target China. If tariffs are applied broadly, we think Apple would continue to import and push through relevant price increase to offset the cost inflation along with getting suppliers to share the burden.”