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Apple Inc. (AAPL): Among the Best Long-Term Stocks to Buy According to Ken Fisher

We recently compiled a list of the 12 Best Long-Term Stocks to Buy According to Ken Fisher. In this article, we are going to take a look at where Apple Inc. (NASDAQ:AAPL) stands against the other long-term stocks.

Ken Fisher is a prominent American billionaire investment analyst, author, and the founder of Fisher Asset Management, one of the biggest and most successful hedge funds in the world. Fisher was born in California in 1950. His net worth is estimated at over $11.2 billion, ranking him high on the list of richest Americans and global billionaires. Fisher’s early life was influenced by his father, Philip A. Fisher, a renowned stock investor. He pursued higher education at California State Polytechnic University, Humboldt, graduating in 1972 with an associate degree in economics. In 1979, Fisher founded Fisher Investments, which has grown into a global financial advisory firm managing close to $252 billion in 13F securities.

Read more about these developments by accessing 10 Best AI Data Center Stocks and 10 Buzzing AI Stocks According to Goldman Sachs.

Fisher’s influence extends beyond asset management. He authored the Portfolio Strategy column in Forbes from 1984 to 2016, making him the longest continuously running columnist in the magazine’s history. Currently, he contributes monthly columns to major publications worldwide, including the New York Post, The Daily Telegraph, and The Australian, among others. In addition to his columns, Fisher has authored 11 books on investing, with four becoming New York Times bestsellers. His work has significantly influenced investment strategies and financial planning. Notably, he popularized the price-to-sales ratio as a stock analysis tool and has been involved in groundbreaking work in behavioral finance.

Read more about these developments by accessing 30 Most Important AI Stocks According to BlackRock and Beyond the Tech Giants: 35 Non-Tech AI Opportunities.

For this article, we selected stocks by combing through the 13F portfolio of Fisher Asset Management at the end of the fourth quarter of 2024. Only the companies that have been in the 13F portfolio of the fund consistently for the past three years were selected. These stocks are also popular among other hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).

A wide view of an Apple store, showing the range of products the company offers.

Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 166

Fisher Asset Management’s Stake: $14.8 billion 

Apple Inc. (NASDAQ:AAPL) is a consumer electronics firm. According to the fourth quarter of 2024, strong business performance in the September quarter generated nearly $27 billion in operating cash flow, enabling the company to return over $29 billion to the shareholders. In mid-February, Forbes reported that the company had released a new budget iPhone. The device comes with a price increase from the current $429 and features Apple Intelligence, along with a design similar to the iPhone 14. It is the first iPhone to include Apple’s in-house modem, a project the company has been working on for years. While Qualcomm has supplied modems for previous models and renewed its contract with Apple in September of the prior year, the company is gradually shifting toward its own technology.

Overall AAPL ranks 1st on our list of the best long-term stocks to buy according to Ken Fisher. While we acknowledge the potential of AAPL as an investment, our conviction lies in the belief that some stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for a stock that is more promising than AAPL but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap

Disclosure: None. This article is originally published at Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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