Apple Inc. (NASDAQ:AAPL) is one of the Buzzing AI Stocks on Wall Street. On September 19, JPMorgan reiterated the stock as “Overweight” and raised its price target on the stock to $280 per share from $255. The firm cited favorable early demand for the iPhone 17 series.

“iPhone 17 series has been available to consumers for a few days now and early demand indications are outlining the opportunity for the volume cycle to not only track higher than our initial expectations (which incorporated concerns around digestion following a pull-forward in iPhone 16 series), but also upside to iPhone 16 series volumes on a y/y basis.”

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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