We recently published a list of 9 Stocks That Could 10X Over the Next 2 Years. In this article, we are going to take a look at where Apple Inc. (NASDAQ:AAPL) stands against other stocks that could 10X over the next 2 years.

US Tariffs and the Stock Market Turmoil

While tariffs from the US government disrupted international trade, they also led to uncertainty and turbulence in financial markets, with the  S&P 500 closing below 5,000 points for the first time in nearly a year. An analysis from the World Economic Forum regarding how tariffs cause volatility in financial markets was stated in the words of Santiago Fernández de Lis, Head of Regulation, BBVA, as follows:

“The main impact of trade tensions on global markets is through uncertainty. When major economies—like the US and China—engage in a tariff war, investors fear slower global trade, disrupted supply chains and weakened corporate profits. This anxiety translates into market volatility. Companies delay investment decisions, consumers lose confidence, and currencies fluctuate wildly.”

However, global markets rebounded later as the US president made an announcement of a 90-day pause on additional higher tariffs that had to impact almost 80 countries, with the exception of China. In the case of China, the new president is convinced to keep high tariffs as he stated that these tariffs would be increased to 125% from 104% following China’s announcement of additional retaliatory tariffs against the US.

Following this pause in tariffs, Wall Street witnessed a sigh of relief. The S&P 500 rose 9.52%, thereby marking its biggest one-day gain since 2008. The Dow Jones Industrial Average climbed almost 7.87%  to close at 40,608.45. Simultaneously, the tech-heavy Nasdaq soared 12.2% and had its best day since January 2001.

Our Methodology

To compile our list of the 9 stocks that could 10X over the next 2 years, we first carried out a consensus by sifting through multiple similar articles online. Once we had an extended list of the stocks that could 10X over the next 2 years, we shortlisted the top 9 stocks based on the number of hedge funds that have stakes in them, as of Q4 2024.

Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).

A wide view of an Apple store, showing the range of products the company offers.

Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 166

The tech giant Apple Inc. (NASDAQ:AAPL) leads the world in innovation with its iPhone, iPad, Mac, and wearables, including smartwatches, wireless headphones, and spatial computers. Recently, the company lost its position as the world’s most valuable public company amid U.S.-China trade tensions.

While the aforementioned tensions are ongoing, Evercore believes in the company’s resilience against targeted tariffs. Evercore has kept its Outperform rating on the stock with a price target of $250. The diversified production footprint of Apple Inc. (NASDAQ:AAPL) was seen as a buffer against targeted tariffs, according to the analysts led by Amit Daryanani, with the tech giant steadily expanding production into Vietnam and India. Although the firm largely depends on China for manufacturing, Evercore estimates that nearly 35% of US iPad and iPhone demand could now be met from India, and the remaining demand could still be supported by Chinese facilities. In the case of wearables and Macs, almost half the volume could be supported from Vietnam. Regardless of the uncertainty that currently persists, the company’s scale and flexibility were mentioned to be its long-term advantages.

Overall, AAPL ranks 4th on our list of stocks that could 10X over the next 2 years. As we acknowledge the growth potential of AAPL as an investment, our conviction lies in the belief that AI stocks hold great promise for delivering high returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. 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 this cheapest AI stock.

 

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

 

Disclosure: None. This article is originally published at Insider Monkey.