Apple Inc. (AAPL): Renaissance Technologies Opens New Position

We just covered the 12 Best Stocks to Invest In According to Jim Simons’ Renaissance Technologies and Apple Inc. (NASDAQ:AAPL) ranks 3rd on this list.

Apple Inc. (NASDAQ:AAPL) has featured intermittently in the 13F portfolio of Renaissance Technologies. The fund first disclosed a stake in the company back in the fourth quarter of 2010. This position comprised 38 million shares. By early 2013, this stake had been sold off completely. Since then, the fund has purchased many stakes in the company and sold them off after holding them for a relatively short period of time. Filings for the first quarter of 2026 show that the fund has purchased a new stake in the company. This position comprises more than 3 million shares, the latest data shows.

READ ALSO: Lone Pine’s Non-AI Strategy Falters: 10 Non-AI Stocks Weighing Down Stephen Mandel’s 2026 Returns.

Jim Cramer on Apple (AAPL): “Doesn’t Hurt That They’ve Avoided Spending Hundreds of Billions of Dollars on Data Centers”

Critics frequently worry about smartphone stagnation, but the hardware engine of Apple Inc. (NASDAQ:AAPL) continues to show pricing leverage and demand. For Q2 2026, iPhone revenue hit a March-quarter record of $56.99 billion, surging 22% year-over-year. This growth was primarily driven by demand for the iPhone 17 lineup and new form factors like the iPhone 17e. Despite widespread fears of a slowdown in Asian markets, Apple posted double-digit revenue growth across every single geographic segment. Notably, sales in Greater China rebounded sharply, jumping 28% year-over-year to reach $20.5 billion. Services revenue reached an all-time high of $30.98 billion in Q2 2026, posting 16% year-over-year growth.

While we acknowledge the risk and potential of AAPL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than AAPL and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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