5 Best Internet-of-Things (IoT) Stocks to Buy

4. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 135

Apple Inc. (NASDAQ:AAPL), a prominent American multinational tech company, has demonstrated impressive performance in 2023, with a year-to-date gain of 36.16%. Apple Inc. (NASDAQ:AAPL)’s foray into the Internet of Things (IoT) has been methodical, gradual, and purposeful. Much of their IoT efforts can be summarized by examining the hardware they introduce, primarily the iPhone and iPad. Interestingly, the original iPhone, launched in 2007, is often regarded as the inaugural mainstream device that showcased the potential of connected sensors, effectively making it the world’s first IoT device.

Of the 910 hedge funds in Insider Monkey’s database at the end of Q2 2023, 135 funds owned stakes in Apple Inc. (NASDAQ:AAPL), up from 131 in the previous quarter. Their collective stake value is more than $194 billion. Warren Buffett’s Berkshire Hathaway owned the largest stake in the company in Q2.