Is Apple Really the Best AI Stock?

By Travis Hoium – Jun 22, 2023 at 6:45AM

NASDAQ: AAPL

Apple

Market Cap

$2,911B

Today's Change

(0.02%) $0.03

Current Price

$189.87

Price as of May 17, 2024, 4:00 p.m. ET

Apple has the devices we'll be using AI on for years.

Artificial intelligence hype is off the charts, but who will win in this market in the long term? The simple answer may be Apple (AAPL 0.02%), if it can pull AI models onto devices and make them accessible to developers. In this video, Travis Hoium discusses how to think about Apple and AI.

*Stock prices used were end-of-day prices of June 16, 2023. The video was published on June 19, 2023.

Travis Hoium has positions in Apple. The Motley Fool has positions in and recommends Apple and Nvidia. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.