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Why Nvidia Should Be Worried About Apple Intelligence

If Apple Intelligence is "good enough," it shows a path to AI inference outside Nvidia's chips.

By Travis Hoium – Jul 2, 2024 at 11:28AM EST

Nvidia (NVDA 2.13%) is the powerhouse in artificial intelligence (AI) today. But Apple (AAPL 1.45%) 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.

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About the Author

Travis Hoium
Travis Hoium is a contributing Motley Fool stock market analyst covering solar energy, technology, and growth stocks. Before The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a bachelor’s degree in mechanical engineering and a master’s degree in business administration from the University of Minnesota.
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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.

Stocks Mentioned

Nvidia Stock Quote
Nvidia
NASDAQ: NVDA
$167.59
(-2.13%)-$3.66
Apple Stock Quote
Apple
NASDAQ: AAPL
$249.23
(-1.45%)-$3.66

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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