Nvidia's Soaring Growth Outpaces Apple Among Tech's 'Magnificent Seven'

Apple's stock price has fallen 10% in 2024 due to slowing revenue growth and declining iPhone sales in China
Nvidia's stock has risen over 80% on booming demand for its AI chips, which dominate the market
Nvidia's revenue and profits have gone "parabolic," but rely heavily on a few major customers
Apple trades at a higher PEG ratio (2.7) than Nvidia (1.0), making Nvidia look cheaper relative to its expected growth
Nvidia appears to have better fundamentals and growth prospects compared to Apple, making it the better "Magnificent Seven" buy