5 Best Artificial Intelligence Stocks To Invest In Right Now

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In this article, we discuss the 12 best artificial intelligence stocks to invest in right now. If you want to read our detailed analysis of these stocks, go directly to the 12 Best Artificial Intelligence Stocks To Invest In Right Now.

5. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 127

Apple Inc. (NASDAQ:AAPL) ranks 5th on the list of 12 best artificial intelligence stocks to invest in right now. The tech giant based in California is one of the leaders in the AI world with significant features such as FaceID, Handwriting recognition, Translate App, Sound recognition, and App Library suggestion integrated on its iOS, macOS, iPadOS, and watchOS.

Apple Inc. (NASDAQ:AAPL) has been investing heavily into tech startups. One of the most recent purchases of Apple Inc. (NASDAQ:AAPL) is AI startup Xnora.ai in 2020. Xnora.ai specializes in putting artificial intelligence on devices. Shares of AAPL rose 31% over the last twelve months.

On July 29th, Keybanc analyst Weston Twigg raised the price target of Apple Inc. (NASDAQ:AAPL) to $105 per share from $100 per share and kept his Overweight rating on the stock. 

The company has a market cap of $2.42 trillion. In the fiscal third quarter of 2021, Apple Inc. (NASDAQ:AAPL) reported an EPS of $1.30, beating estimates by $0.30. In the third quarter, the company reported a revenue of $81.40 billion, up 36% year-over-year and beating revenue estimates by $8.47 billion. 

At the end of the first quarter of 2021, 127 hedge funds in the database of Insider Monkey held stakes worth $130.9 billion in Apple Inc. (NASDAQ:AAPL).

ClearBridge Investments mentioned Apple Inc. (NASDAQ:AAPL) in its Q1 2021 investor letter:

“As we actively manage holdings and position sizes, we look to regularly recycle capital into more compelling opportunities. Maintaining our valuation discipline, we sharply reduced our position in Apple, whose shares more than doubled following our initial purchase in mid-2019 with an earnings multiple rising from the low-to-mid teens to nearly 30x.”


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