Nvidia (NASDAQ: NVDA) is the powerhouse in artificial intelligence (AI) today. But Apple (NASDAQ: AAPL) recently introduced AI tools that will be run on-device or in the cloud with Apple’s own chips. If successful, there’s a path to hundreds of millions of people using AI without Nvidia’s chips. Travis Hoium covers the strategy in the video below.
*Stock prices used were end-of-day prices of June 30, 2024. The video was published on July 1, 2024.
Should you invest $1,000 in Nvidia right now?
Before you buy stock in Nvidia, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Nvidia wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Nvidia made this list on April 15, 2005… if you invested $1,000 at the time of our recommendation, you’d have $761,658!*
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than quadrupled the return of S&P 500 since 2002*.
See the 10 stocks »
*Stock Advisor returns as of July 2, 2024
Travis Hoium has positions in Apple. The Motley Fool has positions in and recommends Apple and Nvidia. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.