Apple Inc. (NASDAQ:AAPL) is in 9th position on our list of 31 Most Popular Stocks Among Hedge Funds. As per our database, 150 hedge fund portfolios held Apple Inc. (NASDAQ:AAPL) at the end of the first quarter which was 131 in the previous quarter. Apple Inc.'s (NASDAQ:AAPL) trailing 12-month revenue was $381.62 billion and its year over year quarterly revenue growth rate was -4.30%. While we acknowledge the potential of Apple Inc. (NASDAQ:AAPL) as an investment, our conviction lies in the belief that 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 as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.