1. Apple Inc. (NASDAQ:AAPL)
Apple Inc. (NASDAQ:AAPL) was among the stocks Jim Cramer discussed during Mad Money, as he highlighted a difficult backdrop for stocks. Cramer highlighted the recent pullback in the stock, as he stated:
That pullback in the stock of Apple today. Of the big-cap stocks, Apple had been the cleanest story. It didn’t have to spend big on artificial intelligence. They had Alphabet to do it for them, and they’re being paid for doing so because they have such an outstanding and deserved user base. When you have 2.5 billion devices out there, there’s a much sought-after audience, right, and the scrum that is Perplexity, Claude, Gemini, Grok, ChatGPT, Meta AI, you can cement your relevancy by making a deal with Apple, and that’s why Google paid them to be their search function. We don’t know the terms of the AI deal, but I think that Apple did fabulously on the whole package that now includes Gemini as Siri… When I say as Siri, what I mean is that Siri’s gotten much smarter.
How about that? Apple, is it done, and there are no more improvements? That’s what I kept hearing today: it’s done. Well, that’s just plain stupid. It’s going to get better and better. No one’s going to switch from this phone because they were disappointed by today’s Worldwide Developers Conference, except for the hedge fund guys and gals who watch our network and said, oh, it’s really bad. I mean, it wasn’t even a tradable event, although people tried to trade it, and the traders are the losers, not Apple. That said, Apple’s a leader, maybe the leader, and I don’t want to lose the leader of this stock market. We’ve lost all the other mega-cap stocks now. Forgive me for wanting one of them to keep winning because I do think Apple could have gone higher on the same info we got today. I wanted it to open down and then rally.
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 AAPL to grow, our conviction lies in the belief that some 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 the cheapest AI stock.
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