11 AI Stocks On Wall Street’s Radar

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5. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 166

Apple Inc. (NASDAQ:AAPL) is a technology company known for its consumer electronics, particularly the iPhones and MacBooks. On May 19, Evercore ISI analyst Amit Daryanani reiterated an “Outperform” rating and a $250.00 price target on the stock. Highlighting Apple’s Services business as a key factor in the company’s valuation and growth, the segment remains central to Apple’s business despite the legal and technological challenges that it has been facing. The analyst noted how, despite regulatory issues impacting the App Store and potential changes to the default search engine payment from Google, the company maintains a strong financial position. Moreover, the potential for artificial intelligence to be overstated could allow the company to take advantage of AI search and help grow its Services business.

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