Apple Stock (AAPL) Backed by Bernstein as ‘Gateway to the Intelligence Revolution’

Apple Inc. (NASDAQ:AAPL) is one of the AI Stocks Making Headlines This WeekOn September 16, Bernstein initiated the stock as “Outperform” stating that it’s bullish on the stock. The firm has a $290 price target on the stock.

According to the firm, Apple is “the gateway to the Intelligence Revolution,” and it is well positioned to benefit from artificial intelligence advancements.

It noted how the recent Google remedies decision have eliminated an overhang for Apple and also paved way for the company to leverage Gemini’s AI technology.

“We are positive on Apple to continue to drive strong EPS growth from its expansion of its user base and share buybacks but note significant risks ahead, notably in AI and in new devices. That said, one of the key risks – the Google DOJ remedies – has reached a resolution favorable to Apple, eliminating an overhang and potentially clearing a path for partnerships in AI.”

Apple is a technology company known for its consumer electronics, software, and services.

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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Disclosure: None.