Is Apple Inc. (AAPL)the Top Tech Stock to Buy According to Billionaire Ken Fisher?
April 11, 2025
We recently published a list of Top 12 Tech Stocks to Buy According to Billionaire Ken Fisher. In this article, we are going to take a look at where Apple Inc. (NASDAQ:AAPL) stands against other top tech stocks to buy according to billionaire Ken Fisher. Under the umbrella of Fisher Asset Management, Billionaire Ken Fisher has maintained a positive stance on technology stocks, particularly those within the “Magnificent Seven.” While emphasizing the strong performance of these large-cap growth companies, Fisher emphasizes that the ongoing bull market extends beyond just these high-profile names. According to him, the 2024 rally has been broader than it is generally perceived, with growth stocks, especially in tech and communication services, consistently outperforming their value and small-cap counterparts. Ken Fisher’s discussion revealed a notable trend: tech stocks have tended to outperform during market upswings and underperform during downturns. This pattern, evident throughout the statistics of 2024, strengthens the theory that if investors believe in a continuing bull market, technology stocks will likely remain strong performers. Although they may not always lead the market consistently or across every metric, according to historical evidence, their overall performance consistently outshines most other sectors and groupings. Fisher’s perspective suggested that while technology stocks may not dominate the market indefinitely, their performance still serves as a bellwether for broader market sentiment. He stated that investing in these companies is not about expecting perfection but recognizing that in bullish environments, they tend to deliver higher returns. At the same time, he warned against focusing too narrowly on these names, as the broader growth category spanning across sectors is also poised to benefit from favorable market conditions. In summary, Fisher Asset Management’s investment approach shows confidence in the long-term prospects of technology stocks. Though Ken Fisher concedes there are no certainties in the market, he points to a clear directional relationship: when the market rises, these stocks tend to rise more; when it falls, they decline more. For Fisher, this reinforces the strategic value of maintaining strong exposure to tech-driven growth stocks in a bullish environment.
We searched through Fisher Asset Management’s Q4 2024 13F filings to identify the top tech stocks that the firm is invested in. From the resultant data, we ranked the technology equities based on his hedge fund’s stake value in each holding. Additionally, we have mentioned the hedge fund sentiment around each stock using data from 1,009 hedge funds tracked by Insider Monkey in the fourth quarter of 2024. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
A wide view of an Apple store, showing the range of products the company offers.
Number of Hedge Fund Holders as of Q4: 166 Fisher Asset Management’s Equity Stake: $14.85 Billion Apple Inc. (NASDAQ:AAPL) remains dominant as a multinational technology company known for its highly innovative electronics, software, and online services. In the fourth quarter of 2024, the company reported strong financial results, with revenue rising 3.95% year-over-year to $124.3 billion while earnings per share climbed to $2.40, surpassing analyst expectations. To reinforce investor confidence, Apple’s Board of Directors announced a quarterly dividend of $0.25 per share. Institutional interest also strengthened, as 166 hedge funds out of 1,009 followed by Insider Monkey held positions in Apple Inc. (NASDAQ:AAPL) by the end of the December quarter, with total holdings valued at $118.6 billion, signaling continued confidence in the company’s long-term growth trajectory. Amid escalating geopolitical tensions and mounting trade barriers, Apple Inc. (NASDAQ:AAPL) is making a substantial push to expand its domestic presence. The company has committed $500 billion over the next four years to support U.S.-based manufacturing and technological development. Apple also plans to open a 250,000-square-foot manufacturing facility in Texas by 2026, aligning with the Trump administration’s broader initiative to bring high-tech manufacturing back to U.S. soil. However, this ambitious reshoring strategy has drawn skepticism from industry experts and analysts, who argue that shifting iPhone production to the U.S. remains impractical. Needham analyst Laura Martin expressed doubts about the feasibility of domestic iPhone assembly, stating that such a move would drive production costs dramatically higher. According to Wedbush analyst Dan Ives, an iPhone manufactured entirely in the U.S. could cost as much as $3,500, underscoring the financial burden such a shift would impose. Martin added that reconfiguring Apple Inc. (NASDAQ:AAPL)’s global supply chain would take years, if not longer, and supply chain specialists generally agree that full U.S.-based iPhone production is currently unviable. At the same time, White House Press Secretary Karoline Leavitt, speaking on behalf of President Donald Trump, maintained that Apple Inc. (NASDAQ:AAPL) has the resources and workforce necessary to manufacture domestically, referencing the company’s $500 billion U.S. investment as evidence of its long-term commitment. Trump remains vocal about bringing high-tech jobs back to the United States, including Apple’s iPhone production, as part of his administration’s aggressive reshoring agenda. Overall, AAPL ranks 1st on our list of top tech stocks to buy according to billionaire Ken Fisher. While we acknowledge the potential of tech companies, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than AAPL but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
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