Is Apple (AAPL) One of the Best US Stocks to Invest in According to Billionaires?

Apple Inc. (NASDAQ:AAPL) is included among the 10 Best US Stocks to Invest in According to Billionaires.

Is Apple (AAPL) One of the Best US Stocks to Invest in According to Billionaires?

Apple Inc. (NASDAQ:AAPL) designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide.

Apple Inc. (NASDAQ:AAPL) made headlines on May 8 when a Wall Street Journal report revealed that the tech giant has reached a preliminary agreement with Intel that would see the latter make some of the chips for the iPhone maker’s devices, marking a major shift in the chipmaking landscape. According to the report, the two companies had been engaged in intensive talks for over a year and finally hammered out a formal deal in recent months.

Apple’s processors for its various iPhones, iPads, and other products are currently manufactured by Taiwan Semiconductor, but TSMC’s wafer capacity can only go so far in the ongoing semiconductor frenzy.

The report also stated that the US government, which became the largest shareholder in Intel last year, played ​a major role in bringing Apple Inc. (NASDAQ:AAPL) to the negotiating table as part of its push to shore up the country’s chip production.

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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