Is Apple a better once-in-a-generation investment opportunity than Nvidia right now? No rule says a company can’t have multiple game-changing catalysts over the course of its lifetime. Both Apple and Nvidia are potentially once again presenting once-in-a-generation opportunities. If so, is Apple a better pick than Nvidia for investors right now?
Keith Speights for The Motley Fool:
Apple’s introduction of its new AI capabilities (called Apple Intelligence) could be a major turning point. Thus far, most AI functionality has run in the cloud. With Apple Intelligence, though, AI runs locally on the company’s devices.
This approach is known as edge AI. It could be a massive new market opportunity that some analysts believe will spur an iPhone upgrade super cycle.
Unsurprisingly, Nvidia’s new opportunity is also related to AI, and it’s more of an extension of the company’s current opportunity than anything entirely new… More powerful AI systems will undoubtedly require more powerful AI chips. Nvidia’s GPUs continue to set the bar for performance.
Nvidia has clearly been the better stock in recent years and so far in 2024. But could Apple deliver greater gains going forward? Maybe… Although Apple’s valuation is high, it doesn’t have nearly as much projected growth baked in as Nvidia’s does…
I won’t claim unequivocally that Apple is a better once-in-a-generation investment opportunity than Nvidia. My view is that both stocks should perform well for long-term investors. But for more cautious investors, Apple looks like the better pick.
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MacDailyNews Take: Apple Intelligence only works on iPhone 15 Pro or later. A new iPhone supercycle looms!
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Some of us may or may not be into both
The once-in-a-generation investment opportunity at this moment is neither AAPL or NVDA, companies that have been talked about for years and more recently pumped up by trillions in valuation. More people have heard about Nvidia now than even know what they do. Apple is obviously well-known but Apple Intelligence alone as a driver of iPhone sales isn’t going to double or triple Apple’s stock price.
ARTICLE: “Nvidia’s GPUs continue to set the bar for performance.”
My NUMBER ONE complaint for decades!!!
Apple the first three trillion dollar company and tech supreme leader [supposedly], CANNOT beat Nvidia at their own game? C’mon, man!
Namely, making faster chips and owning the desktop Pro Computing market while stemming the mass exodus tide of Mac users fleeing to more affordable and faster PCs.
NO EXCUSE! Oh, almost forgot — the Tim Cook factor…
The new M4 MacBook Pros and M4 Mac Studio Ultra’s coming up will be beasts, Nvidia can keep their 300-500 watt graphic cards, long term Apple is in a better position.