5 Best AI Stocks to Buy According to Billionaire Ken Griffin

4.  Apple Inc. (NASDAQ:AAPL)

Citadel Investment Group’s Stake Value: $1,500,827,597

On April 21, Reuters reported that Apple Inc. (NASDAQ:AAPL) appointed John Ternus as CEO, showing a renewed focus on hardware and adding AI to existing devices rather than introducing a specific AI product. Ternus, a 25-year veteran who has overseen many iPhone generations, will take the role in September, succeeding Tim Cook, who led the company to a market value of over $4 trillion.

Analysts stressed the importance of strategic continuity. Ben Barringer of Quilter Cheviot said the move gives confidence to investors, adding that Ternus has headed Apple Inc. (NASDAQ:AAPL)’s hardware market. It is the company’s primary growth engine. Ryan Shrout of Signal 65 said Ternus’ expertise is focused on integrated hardware, software, and silicon rather than falling under a new AI-first category.

Under Cook, shares soared by about 20 times because of the rising iPhone demand, service growth, and incremental changes. Analysts believe Apple Inc. (NASDAQ:AAPL) will likely expand by bringing AI into its ecosystem, but Elmwood’s Daniel Binns called the “AI-first device” story premature.

Apple Inc. (NASDAQ:AAPL) designs, manufactures, and sells smartphones, personal computers, tablets, wearables, and accessories, as well as a variety of connected services. It operates in the Americas, Europe, Greater China, Japan, and the Rest of the Asia Pacific.