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We just covered the 12 Best Stocks to Invest In According to Jim Simons’ Renaissance Technologies and Apple Inc. (NASDAQ:AAPL) ranks 3rd on this list.

Apple Inc. (NASDAQ:AAPL) has featured intermittently in the 13F portfolio of Renaissance Technologies. The fund first disclosed a stake in the company back in the fourth quarter of 2010. This position comprised 38 million shares. By early 2013, this stake had been sold off completely. Since then, the fund has purchased many stakes in the company and sold them off after holding them for a relatively short period of time. Filings for the first quarter of 2026 show that the fund has purchased a new stake in the company. This position comprises more than 3 million shares, the latest data shows.

READ ALSO: Lone Pine’s Non-AI Strategy Falters: 10 Non-AI Stocks Weighing Down Stephen Mandel’s 2026 Returns.

Critics frequently worry about smartphone stagnation, but the hardware engine of Apple Inc. (NASDAQ:AAPL) continues to show pricing leverage and demand. For Q2 2026, iPhone revenue hit a March-quarter record of $56.99 billion, surging 22% year-over-year. This growth was primarily driven by demand for the iPhone 17 lineup and new form factors like the iPhone 17e. Despite widespread fears of a slowdown in Asian markets, Apple posted double-digit revenue growth across every single geographic segment. Notably, sales in Greater China rebounded sharply, jumping 28% year-over-year to reach $20.5 billion. Services revenue reached an all-time high of $30.98 billion in Q2 2026, posting 16% year-over-year growth.

While we acknowledge the potential of AAPL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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