Billionaire Ken Fisher Loves These 5 AI Stocks

2. Apple Inc (NASDAQ:AAPL)

Ken Fisher’s Q1’2024 Stake: $9,582,956,861

All eyes are on Apple Inc (NASDAQ:AAPL) as everyone awaits its much-anticipated AI plan expected to be revealed at the Worldwide Developers Conference on June 10. Recently, Bloomberg reported that Apple Inc (NASDAQ:AAPL) plans to put its own high-end chips in data centers to deliver AI features this year.

As of the end of 2023, Ken Fisher owns a $9.6 billion stake in Apple Inc (NASDAQ:AAPL).

The London Company Large Cap Strategy stated the following regarding Apple Inc. (NASDAQ:AAPL) in its first quarter 2024 investor letter:

“Reduced: Apple Inc. (NASDAQ:AAPL) – Reduction reflects strong performance in 2023 and resulting elevated valuation. We believe the outlook for AAPL remains strong with slow growth in iPhone (now #1 global market share) and faster growth in the higher margin services business. R&D will continue to drive new products and AAPL now has over 2 billion installed devices around the world. While near term earnings expectations appear reasonable, we felt it was prudent to reduce the position size based on risks to valuation.”