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Apple Inc. (NASDAQ:AAPL) ranks #4 (see Top 5 Stock Picks of 5 Famous Billionaires)
Number of Hedge Funds: 170 Top Pick Of: Warren Buffett’s Berkshire Hathaway Apple was once seen as a laggard in the AI race. Now it is looking like a winner, and without breaking the bank on capex. Apple’s capex-to-revenue ratio stands at just 2.5%, well below the 10%-plus seen at most mega-cap peers.
As competitors burn through cash on AI infrastructure and investors question whether those investments will generate returns, Apple is taking a different path. The company plans to monetize AI through its massive existing customer base. Apple now has over 2.5 billion active devices, up from 2.35 billion a year ago, a gain of 150 million devices in one year.