Apple Inc. (NASDAQ:AAPL) is one of the
10 Stocks Jim Cramer Talked About & Warned About A Weak Market.
Apple Inc. (NASDAQ:AAPL) is one of Jim Cramer’s favorite stocks. For more than a year, he has asserted that it is better to buy and hold the shares instead of trading them. Apple Inc. (NASDAQ:AAPL)’s stock is up by more than 25% over the past year and down by 5.6% year-to-date. Evercore ISI discussed the firm on March 24th as it kept an Outperform rating and a $330 share price target for the stock. The financial firm discussed Apple Inc. (NASDAQ:AAPL)’s Services business as it remarked that it expects it to increase the firm’s average revenue per user through strong adoption. However, Evercore added that the technology company could do more to actively participate in the AI race. Cramer has also discussed Apple Inc. (NASDAQ:AAPL)’s AI strategy several times over the past couple of months. One of his more striking remarks has called the firm a “freeloader” to claim that it is simply waiting to benefit from the investments made by technology giant Google through a partnership. In this appearance, he briefly praised the firm’s CFO:
“Happy 50th birthday to Apple. They have a CFO, whom I think is, look Luca Maestri was a titan, but I think this Kevan Parekh is starting to really get a feel of things. And I think that is, huge.”
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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.
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