10 Stocks Everyone’s Talking About as Trump Blinks in Trade War

3. Apple Inc (NASDAQ:AAPL)

Number of Hedge Funds Investors: 158

Jim Cramer in a recent program on CNBC said that he had to recommend that his investing club members trim their positions in Apple Inc (NASDAQ:AAPL). However, he defended the company:

“This administration believes that Apple’s selfish, that Apple wants to have its cake and eat it too. The White House app to the White House, Apple should either make its products here or not at all. Now, here’s what’s really important: it seems like there’s no one in the administration who says, “Look, Apple’s one of the best companies in the world, and we don’t want to hobble it. We want to promote it. We want the government of China to know that we make the best phones, not the Chinese, and the Chinese people want ours, not theirs.” But that’s so off message for Trump’s trade team that I sound like a rube for even floating the idea. I am not a rube. I just don’t think there’s anything particularly selfish about Apple’s approach to China.”

Columbia Seligman Global Technology Fund stated the following regarding Apple Inc. (NASDAQ:AAPL) in its Q4 2024 investor letter:

“The fund maintained a position in Apple Inc. (NASDAQ:AAPL) throughout the quarter through the release of the company’s new iPhone 16 in September. Company leaders were excited about the release of the new model, as this is the first model that will feature enhanced AI capabilities through the Apple Intelligence features. Sales for the first few weeks in October and November trailed behind year over year sales from the iPhone 15, as availability of Apple Intelligence was not compatible with all iPhone models. Apple announced a partnership with OpenAI that has allowed the integration of ChatGPT into the Apple ecosystem, separate from the core Apple Intelligence features. This partnership highlights continued progress from Apple to introduce AI capabilities into its products and we expect the iPhone 17 to have even more expansive AI capabilities, increasing potential demand for the new model that is on track to be released in 2025.”