5 Best Machine Learning Stocks to Invest In

4. Apple Inc. (NASDAQ: AAPL)

Number of Hedge Fund Holders: 127

Apple Inc. (NASDAQ: AAPL) is a technology company famous for its iPhone line. Apple products are fitted with hardware for machine learning tasks to enhance user experience. The company ranks 4th on our list of the best machine learning stocks to invest in.

This July, JP Morgan raised its price target on Apple Inc. (NASDAQ: AAPL) shares from $165 to $170, keeping an Overweight rating on the stock. In June, Wedbush also kept its Outperform rating on Apple Inc. (NASDAQ: AAPL) shares with a price target of $185.

In the fiscal second quarter of 2021, Apple Inc. (NASDAQ: AAPL) had an EPS of $1.40, beating estimates by $0.41, and the company’s revenue was $89.58 billion, up 53.63% year over year, and beating estimates by $12.30 billion. Apple Inc. (NASDAQ: AAPL) has gained 11.56% in the past 6 months and 12.84% year to date.

As of the end of the first quarter of 2021, 127 hedge funds out of the 866 tracked by Insider Monkey held stakes in Apple Inc. (NASDAQ: AAPL) worth roughly $130 billion. This is compared to 146 hedge funds in the previous quarter with a stake value of about $142 billion.