Jim Cramer Recently Looked At These 16 Stocks

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1. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 166

Apple Inc. (NASDAQ:AAPL) is one of the stocks Jim Cramer recently looked at. Cramer showed optimism around the company’s stock, as he remarked:

“We’ve seen breathtaking rallies in the data storage stocks. We also have some stocks that simply can’t lift, and I gotta mention them, Apple and NVIDIA. I know you want to know if it’s over for these two members of the Magnificent Seven. I come at it a totally different way. I think both Apple and NVIDIA, the companies, are humming along, making a lot of money. It’s simply that money managers need to sell something old if they want to buy something new, so their stocks become what is known as a source of funds. Do you know it’s a time-honored tradition at the beginning of the year? I’ve seen it happen in January repeatedly over the years. You just have to wait these two out. You’ll know when the selling is done. It’s truly not over yet, or the stocks wouldn’t start rolling over every day from the get-go. And you see it as well as I do. I say, own Apple and own NVIDIA, don’t trade them. Nothing’s changed for me… Are they [the house of pain]? Nah, wrong address.”

Apple Inc. (NASDAQ:AAPL) manufactures and sells devices such as the iPhone, Mac, iPad, along with its line-up of wearables and accessories. The devices are supported by the company’s app ecosystem, AppleCare, and cloud tools.

While we acknowledge the potential of Apple Inc. (NASDAQ:AAPL) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AAPL and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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