"I'd Like to be as Incompetent," As Apple (AAPL)'s CEO, Says Jim Cramer

We recently published 15 Stocks on Jim Cramer’s Radar.  Apple Inc. (NASDAQ:AAPL) is one of the stocks on Jim Cramer's radar.

Tech giant Apple Inc. (NASDAQ:AAPL)’s shares are up by 12% over the past year. Ahead of the firm’s upcoming earnings report, Evercore and Goldman Sachs discussed the stock. The former kept an Outperform rating and a $330 share price target, which it had set on January 9th. The financial firm discussed Apple Inc. (NASDAQ:AAPL)’s iPhone demand as it pointed out that the technology company continues to generate strong consumer interest, which could translate into higher average selling prices for the phones. Evercore also remained optimistic about Apple Inc. (NASDAQ:AAPL)’s Services business, an area that has also seen Cramer remain confident about. Goldman Sachs kept a Buy rating and a $320 share price target as it expects first-quarter iPhone revenue to grow. The bank also commented on Apple Inc. (NASDAQ:AAPL)’s AI services, as it believes that the partnership with Google for Gemini will help the firm when it comes to attracting and retaining consumer interest for AI model access. Cramer discussed Apple Inc. (NASDAQ:AAPL)’s AI spending:

“But how about Apple not going up, Apple spends almost nothing on this, everyone said that was because they were incompetent. Well, call me incompetent. I’d like to be as incompetent as Tim Cook was.”

While we acknowledge the potential of AAPL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.