Apple Stock (AAPL) Backed by Bernstein as 'Gateway to the Intelligence Revolution'

Apple Inc. (NASDAQ:AAPL) is one of the AI Stocks Making Headlines This Week. On September 16, Bernstein initiated the stock as “Outperform” stating that it’s bullish on the stock. The firm has a $290 price target on the stock.

According to the firm, Apple is “the gateway to the Intelligence Revolution,” and it is well positioned to benefit from artificial intelligence advancements.

It noted how the recent Google remedies decision have eliminated an overhang for Apple and also paved way for the company to leverage Gemini’s AI technology.

“We are positive on Apple to continue to drive strong EPS growth from its expansion of its user base and share buybacks but note significant risks ahead, notably in AI and in new devices. That said, one of the key risks – the Google DOJ remedies – has reached a resolution favorable to Apple, eliminating an overhang and potentially clearing a path for partnerships in AI.”

Apple is a technology company known for its consumer electronics, software, and services.

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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Disclosure: None.