Citi reaffirms Apple as top stock pick

Citigroup this week reaffirmed its bullish stance on Apple, maintaining a “Buy” rating and naming it as their top pick. Despite concerns about Apple’s reliance on the Chinese market, Citi remains optimistic about the company’s future performance.

Ghazal Ahmed for Insider Monkey:
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“China is the main manufacturing location for Apple with more than 90% manufacturing in China, in our estimates.” – Citigroup

Overall AAPL ranks 1st on our list of the AI stocks that should not be ignored. 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 doing so within a shorter timeframe. 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 the cheapest AI stock.

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MacDailyNews Take: As always, when it comes to AAPL, especially on the dips: accumulate, accumulate, accumulate.

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