We recently published 12 Stocks on Jim Cramer’s Radar. Apple Inc. (NASDAQ:AAPL) is one of the stocks on Jim Cramer’s radar.
Consumer electronics giant Apple Inc. (NASDAQ:AAPL) is the only large-cap technology company that hasn’t invested massively in AI infrastructure. The lack of investment in AI has not gone unnoticed on either Cramer’s or Wall Street’s radar. While investors and analysts have mixed opinions, the CNBC TV host believes Apple Inc. (NASDAQ:AAPL) has pulled off a masterstroke by choosing to work with Google. Wedbush discussed the stock on February 17. He maintained an Outperform rating and a $350 stock price target. The financial firm explained that investors were concerned about delays in Apple Inc.’s (NASDAQ:AAPL) AI features and the company’s overall direction on AI. However, Wedbush claimed the stock drop was unjustified. The stock is up 10% over the past year and is holding steady so far this year. Evercore ISI reiterated a $330 stock price target and outperform rating on February 11. He highlighted that the March release of Apple Intelligence 2.0 could be delayed due to testing issues. Cramer reaffirmed that Apple Inc. (NASDAQ:AAPL) had played the right card when it came to AI:
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“Look, Apple got the biggest free trip ever. They’ve got the best, Gemini…”
While we recognize AAPL’s potential as an investment, our conviction lies in the belief that some AI stocks have more promise to generate higher returns and have limited downside risk. If you’re looking for an extremely cheap AI stock that’s also one of the biggest beneficiaries of Trump’s tariffs and offshoring, check out our free report on the best short-term AI stock.
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