Apple Inc. (AAPL) Is A Top Warren Buffett Stock Pick

Apple Inc. (NASDAQ:AAPL) is one of the 10 Best Long-Term Stocks to Buy Now According to Warren Buffett.

Apple Inc. (NASDAQ:AAPL) is widely known for being Berkshire Hathaway's first technology investment. The firm first disclosed a stake in the company in the first quarter of 2016. The stake came courtesy of 39 million shares that were worth $1 billion. The next quarter, Berkshire bumped its take up to 60.9 million Apple Inc. (NASDAQ:AAPL) shares that were worth $1.46 billion. By the end of the third quarter, the stake jumped to 229 million shares and peaked at 1 billion shares in Q2 2018. The next major movement came in Q2 2024 when the number of shares dropped to 400 million from the previous quarter's 789 million. The stake's value peaked at a whopping $177 billion in Q2 2023 when it accounted for 51% of the holdings. The latest stake is worth $57.8 billion.Apple Inc. (AAPL) Is A Top Warren Buffett Stock Pick

guteksk7/Shutterstock.com

Bank of America kept a $380 share price target and a Buy rating on the stock on June 22nd. The coverage came after Apple Inc. (NASDAQ:AAPL)'s WWDC event, as BofA remarked that the company made meaningful contributions to its AI strategy at the event. The bank was particularly impressed by Siri AI.

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 thebest short-term AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy.

Disclosure: None. Follow Insider Monkey on Google News.

View Comments