Apple (AAPL) Buy Rating Maintained Ahead of Potential September Event

Apple Inc. (NASDAQ:AAPL) is one of the AI Stocks Analysts Are Tracking Closely. On August 25, Bank of America reiterated the stock as “Buy” and acknowledged that even though there are reports that there is no official iPhone event yet scheduled on September 9 for Apple, investors should tone down their expectations for the next cycle anyway.

“Some media reports and tech websites are highlighting Tues Sep 9th as a potential launch date for iPhone 17 (not official yet), with pre-orders starting Friday Sep 12th, and new iPhones reaching stores on Fri Sep 19th. We expect the main feature to be the launch of a slim iPhone (iPhone 17 Air) to replace the current Plus model. While prior form factor changes have driven a meaningfully higher next iPhone cycle, in our opinion, investor expectations for the benefit from a thin phone are more tempered.”

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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