Apple Inc. (NASDAQ: AAPL) is one of them AI stock investors are watching now. On August 13, Bank of America reiterated its bullish stance against Dell and Apple in a note to its client.
The company cited early stage artificial intelligence adoption and the pending PC refresh cycle as the sector's leading drivers.
In particular, for Apple, it maintained its buy rating and pointed to “options that monetize resilient revenue, strong capital gains, and increased means of growth.”
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Wall Street analysts have a consensus purchase rating for stocks. The average price target of $240 means an upside of 3.2%. However, the $275 street high target means an 18.3% increase.
Apple is a technology company known for its consumer electronics, software and services.
Although we acknowledge AAPL's potential as an investment, we believe certain AI stocks offer a greater reverse chance, pose a risk of decline. If you're looking for a highly undervalued AI stock that can make a significant profit from the tariff and supervision trends of the Trump era, check out our free report. Best Short-Term AI Stocks.
Read next: 10 must-see AI stocks and 10 AI stocks on Wall Street make headlines this week.
Disclosure: None.
