5 Best Reddit Stocks to Buy According to Billionaires

2. Apple Inc. (NASDAQ:AAPL)

Number of Billionaire Holders: 34

On May 26, BofA raised its price recommendation on Apple Inc. (NASDAQ:AAPL) to $380 from $330. It reiterated a Buy rating on the shares.

Analyst Wamsi Mohan said the shift toward AI agents focused on individual users could strengthen Apple’s position against other AI companies. According to the analyst, Apple holds a major advantage because of the amount of user data tied to its devices and ecosystem. He made the following remark:

“Apple’s agentic AI moat comes from Apple silicon & iOS. Silicon dictates how much inference can happen locally (matters for latency, privacy, reliability, and cost). OS determines whether AI can access user context, call apps, route requests, authenticate identity, request confirmation, & complete tasks in a trusted way.”

While some analysts have questioned Apple’s AI strategy and viewed the company as trailing several of its “Magnificent Seven” peers, Mohan argued that Apple has a significant opportunity with Siri in an AI-driven environment. He estimated Siri could generate incremental revenue of between $15 billion and $30 billion by fiscal 2030 under his base-case scenario. In a more bullish case, that figure could rise to between $40 billion and $65 billion. Mohan further wrote:

“In an agentic world, value accrues to the platform that controls user intent, personal context, app access, permissions, identity, authentication, payments, and trust. To win, Apple needs to evolve Siri into the orchestration layer of the iPhone.”

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