10 Trending AI Stocks on Wall Street

4. 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 September 10, TD Cowen analyst Krish Sankar reiterated a Buy rating and $275.00 price target on the stock following Apple’s iPhone 17 launch event.

According to the analyst, core iPhone updates were expected but there were pleasant surprises as well. These include a new N1 WiFi/BT chip across the 17 lineup, new 17 Pro chassis design to handle AI workloads, and blended ASP increase due to higher storage pricing.

Moreover, they believe that the new hypertension-focused health features in the Watch Series 11 and live AI translation for the AirPods Pro may spur consumer interest in the upcoming holiday season.

“The iPhone 17 launch event was largely in line with the new Air model (5.6mm thin, Cseries 5G modem). Unexpected announcements included new N1 WiFi/BT chip for all 17 models, and triple 48MP cameras and vapor chamber cooling for Pro models. 17 pricing also suggests blended ASP up 3-4% on higher GB storage. New AirPods Pro 3 live AI translations and health features could spur upgrade interest.

New features for the iPhone 17 were largely in line with expectations as the new 17 Air features an AAPL designed 5G modem and very thin form factor, the A19 Pro chip remains on TSM’s 3nm process, and AI performance improvements appear evolutionary. Still, we were neatly surprised by the new N1 WiFi/BT chip featured across the 17 lineup, new 17 Pro chassis design that can handle higher thermal limits for AI workloads, and pricing that represents a 3-4% blended ASP increase. New hypertension-focused health features in the Watch Series 11 and live AI translation for the AirPods Pro 3 could drive consumer interest in the upcoming holiday season.”

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