10 Trending AI Stocks on Wall Street’s Radar

2. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 158

Apple Inc. (NASDAQ:AAPL) is a technology company known for its iPhones, iPads, and a range of other software, consumer electronics, and services. On January 31, Monness analyst Brian White maintained their bullish stance on the stock, giving a “Buy” rating.  Its buy rating reflects both challenges and opportunities for Apple’s stock. To begin with, the company represents strong potential for innovation with its robust digital ecosystem. This is despite the company reporting a modest decline in iPhone sales and a less-than-terrific quarterly performance. The introduction of Apple Intelligence exemplifies its mark in the AI world, driving future demand and bolstering its competitive edge. Moreover, even though geopolitical and regulatory challenges have dented Apple’s revenue, there is hope that the increased demand for the iPhone 16 series in markets that have access to Apple Intelligence will allow recovery and growth. Other product segments such as Mac and Services have had a strong performance, which underscores the bullish outlook.