10 Trending AI Stocks on Wall Street

3. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 156

Apple Inc. (NASDAQ:AAPL) is one of the 10 Trending AI Stocks on Wall Street. On November 10, Jefferies reiterated the stock as “Hold,” stating that its checks show Apple’s iPhone volume has likely peaked.

“iPhone has been super strong in China driven entirely by 17, and due mostly to pricing.”

Meanwhile, J.P. Morgan analyst Samik Chatterjee has maintained a bullish stance on the stock, giving a Buy rating on November 6. The firm is optimistic about Apple particularly due to the strong demand for its iPhone 17 series.

The firm noted how elevated lead times for the Base model reflect solid consumer interest and will likely drive significant year-over-year revenue growth for iPhones in the upcoming fiscal quarter.

Meanwhile, moderated lead times for the Pro and Pro Max models suggest a balance between supply and demand. With consistent demand across various regions, including the US, China, and Europe, Apple boasts a strong market position and growth potential, reinforcing the Buy rating.

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