Apple (AAPL) Got The Best Free Ride, Says Jim Cramer

We recently published 12 Stocks on Jim Cramer’s Radar.  Apple Inc. (NASDAQ:AAPL) is one of the stocks on Jim Cramer's radar.

Consumer electronics giant Apple Inc. (NASDAQ:AAPL) is the only mega-cap technology firm that hasn’t massively invested in AI infrastructure. The absence of AI investment hasn’t gone unnoticed on either Cramer’s or Wall Street’s radar. While investors and analysts hold a mixed view, the CNBC TV host believes that Apple Inc. (NASDAQ:AAPL) has pulled off a masterstroke by choosing to work with Google instead. Wedbush discussed the shares on February 17th. It kept an Outperform rating and a $350 share price target. The financial firm explained that investors were worried about delays in Apple Inc. (NASDAQ:AAPL)’s AI features and the firm’s overall AI direction. Yet, Wedbush asserted that the pullback in the shares was unjustified. The shares are up by 10% over the past year and are flat year-to-date. Evercore ISI reiterated a $330 share price target and an Outperform rating on February 11th. It outlined that the March launch of Apple Intelligence 2.0 could be delayed due to problems with tests. Cramer reasserted that Apple Inc. (NASDAQ:AAPL) had played the right card when it came to AI:

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“Look Apple got the greatest free ride ever. They have the best, Gemini. . .”

While we acknowledge the potential of AAPL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.