The better once-in-a-generation investment opportunity: Apple or Nvidia?

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:
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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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