5 Tech Stocks in Billionaire Ken Fisher’s Portfolio

2. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 169

Fisher Asset Management Equity Stake: $14.32 Billion

Apple Inc. (NASDAQ:AAPL) is one of the top tech stocks in billionaire Ken Fisher’s portfolio. On May 8, Wedbush analysts raised their price target of Apple Inc. (NASDAQ:AAPL) stock to $400 from $350, impressed by the company’s entry into the artificial intelligence revolution.

According to the research firm, Apple’s position in the artificial intelligence space is poised to receive a significant boost. That’s in part because 20% of the world population is poised to access AI innovation through the company’s devices.

Similarly, the analysts expect the tech giant to start monetizing AI services and storage features, resulting in $15 billion of annual services revenue through additional AI features and storage offerings.

Wedbush also expects strategic partnerships with Alibaba on AI to have a significant impact on strengthening Apple’s prospects in China. The research firm also expects Apple to unveil a significant iPhone redesign in 2027, on its 20th anniversary, as part of the AI revolution.

Apple Inc. (NASDAQ:AAPL) designs, manufactures, and markets consumer electronics, software, and online services. Known for the iPhone, Mac, iPad, and Apple Watch, the company focuses on premium, user-friendly hardware integrated with proprietary operating systems such as iOS and macOS, as well as services like the App Store, Apple Music, and iCloud.