5 Best Dow Stocks to Invest In Now

2. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 169

According to a report by CNBC on April 20, Apple Inc. (NASDAQ:AAPL) is preparing for a leadership change, with Tim Cook set to step down as CEO and transition to executive chairman on September 1. The company said John Ternus, its senior vice president of hardware engineering, will take over as CEO and join the board. Arthur Levinson is expected to become the lead independent director. Cook will remain in the CEO role through the summer to help manage the handover.

This will be Apple’s first CEO transition since Cook replaced Steve Jobs in 2011. Over that period, the company’s market value expanded more than 20-fold, reaching $4 trillion. Apple also said Johny Srouji will take on a broader role as chief hardware officer, stepping into Ternus’s responsibilities. Cook made the following statement:

“It has been the greatest privilege of my life to be the CEO of Apple and to have been trusted to lead such an extraordinary company. I love Apple with all of my being, and I am so grateful to have had the opportunity to work with a team of such ingenious, innovative, creative, and deeply caring people who have been unwavering in their dedication to enriching the lives of our customers and creating the best products and services in the world.”

The transition comes as Apple deals with supply chain pressure, geopolitical risks, tariffs, and rising demand for AI-related hardware.

Apple Inc. (NASDAQ:AAPL) designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories, and also provides a range of related services.