10 Buzzing AI Stocks on Wall Street

4. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 166

Apple Inc. (NASDAQ:AAPL) is one of the 10 Buzzing AI Stocks on Wall Street. On December 1, JPMorgan has reiterated its Overweight rating on the stock with a $305.00 price target. The rating affirmation follows the firm’s analysis of product availability, highlighting strong y/y iPhone 17 demand due to tighter supply ramp.

According to JPMorgan’s Apple Product Availability Tracker, lead times across the iPhone 17 series increased by one day in week 12. The firm noted that this trend is consistent with seasonal patterns due to increased consumer demand during Black Friday.

Meanwhile, on average lead times are tracking at an estimated 6 days, ahead of 4 days in week 12 of the previous year. This implies better demand trends year over year.

The firm also discussed lead times for the Base model.

“Lead times for the Base model remain in the double-digit days range, continuing to signify that the ramp in supply is still trailing demand, and continues to be the primary driver of higher demand for iPhone 17 series over iPhone 16.”

Weekly trends reveal that the lead times on average increased by 1 day, with base iPhone 17 maintaining stable lead times, iPhone Air and iPhone 17 Pro witnessing increases of two days each, and the iPhone 17 Pro Max experiencing a one-day increase “(vs. an increase of 2 days across each model last year).”

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