5 Best Self Driving Car Stocks To Buy Now

2. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 140

Apple Inc. (NASDAQ:AAPL) is a multinational technology company that designs, manufactures, and distributes smartphones, personal computers, tablets, wearables, accessories, and related services. Titan is the electric automobile project currently being researched and developed by Apple Inc. (NASDAQ:AAPL). The company is developing self-driving hardware, software, and services as a prospective product.

On November 08, 2022, David Vogt, an analyst at UBS, reduced his price target on Apple Inc. (NASDAQ:AAPL) to $180 while keeping a Buy rating on the stock. The analyst stated that the production delays due to lockdowns in China, causing wait times to increase in the majority of markets.

Here is what Wedgewood Partners specifically said about Apple Inc. (NASDAQ:AAPL) in its Q3 2022 investor letter:

Apple Inc. (NASDAQ:AAPL) grew revenues +5% (foreign exchange adjusted and excluding Russia) driven by record iPhone revenues that were up about +3% on an exceptional year ago comparison of +50%. Apple’s installed base is over 1.8 billion devices which helps drive a software and services business that has generated almost $80 billion of revenue over the past 4 quarters. As we have highlighted in the past, Apple’s relentless focus on the development and integration between hardware (especially ICs) as well as software, continues to add significant value for customers of its products and services. We expect this favorable competitive dynamic to continue for the foreseeable future.