Apple Inc. is highlighted as one of the top AI stocks this week, with UBS analyst David Vogt reaffirming a Neutral rating and $220.00 price target on September 24. Analysis shows elevated wait times for iPhone 17 Base model but muted for the others, hinting at potential upside risk.

UBS Evidence Lab data indicates iPhone 17 Base and Air variants may drive increased iPhone builds, with suppliers ramping up production of the Base model. Pro and Pro Max wait times are consistent year over year outside China, while Air models show a decrease compared to the 16 Plus.

Transition to entry-level phone models may limit average selling price growth in the September quarter, according to UBS. Tracking wait times will be crucial, as they flattened or shortened around this time last year, impacting demand and production adjustments.

Apple, a tech giant known for its consumer electronics, software, and services, maintains a strong presence in the market. While AAPL offers investment potential, some AI stocks are seen as having greater upside potential with less downside risk. Investors are encouraged to explore undervalued AI stocks in a free report for potential opportunities.

Read more at Yahoo Finance: UBS Reiterates Neutral, $220 PT on iPhone 17 Availability Data