Apple Inc. (NASDAQ:AAPL) is included among the 10 Best US Stocks to Invest in According to Billionaires.

Apple Inc. (NASDAQ:AAPL) designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide.

Apple Inc. (NASDAQ:AAPL) made headlines on May 8 when a Wall Street Journal report revealed that the tech giant has reached a preliminary agreement with Intel that would see the latter make some of the chips for the iPhone maker’s devices, marking a major shift in the chipmaking landscape. According to the report, the two companies had been engaged in intensive talks for over a year and finally hammered out a formal deal in recent months.

Apple’s processors for its various iPhones, iPads, and other products are currently manufactured by Taiwan Semiconductor, but TSMC’s wafer capacity can only go so far in the ongoing semiconductor frenzy.

The report also stated that the US government, which became the largest shareholder in Intel last year, played ​a major role in bringing Apple Inc. (NASDAQ:AAPL) to the negotiating table as part of its push to shore up the country’s chip production.

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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