Posted 3/6/2024, 10:00:00 AM
Nvidia Could Overtake Apple in Market Value If Apple Fails to Impress with AI This Year
- Nvidia's market value could surpass Apple's if Apple doesn't impress with AI products this year, according to analyst Ming-Chi Kuo
- Nvidia stock has soared 260% in the past year due to its dominance in the AI chip market
- Apple's iPhone sales are facing headwinds, with shipments possibly dropping to 200 million this year
- Apple appears to be playing catch-up in AI to companies like OpenAI, Google, and Microsoft
- Apple killed its self-driving car project to focus more engineers on developing generative AI features