Apple Inc. (NASDAQ:AAPL) is one of the AI Stocks on Wall Street’s Radar. On July 17, JPMorgan reiterated the stock as “Overweight” and raised its price target on Apple to $250 per share from $230.
“We rate shares of Apple Overweight from the combination of AI and age of installed base led volume replacement cycle while Services continues to demonstrate robust growth delivering acceleration in earnings growth.”
In other news, Bloomberg reported that after Meta poached one of Apple’s top artificial intelligence executives with a $200 million package, it has hired two of his subordinates too.
Apple’s Mark Lee and Tom Gunter will now be joining the newly formed Superintelligence Labs team at Meta.
Pixabay/Public Domain
Meta has been spending heavily to keep up in the AI race, particularly to keep up with advancements from tech giants such as OpenAI and Google.
Apple is a technology company known for its consumer electronics, particularly the iPhones and MacBooks.
While we acknowledge the potential of AAPL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 10 AI Stocks Gaining Attention on Wall Street and 10 AI Stocks Investors Are Watching Closely.
Disclosure: None.
