Apple Inc. (AAPL) shares have dropped 12% this year due to concerns about iPhone sales and trade tensions with China. Jim Cramer discussed whether AAPL would acquire Perplexity. However, he believes AAPL won’t buy the company, as they are focused on building data centers for AI accuracy. Other AI stocks may offer better returns.

Check out our report on the best short-term AI stock for potential high returns. For more investment opportunities, consider 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. Originally published on Insider Monkey.

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