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If Apple Intelligence is "good enough," it shows a path to AI inference outside Nvidia's chips.
Nvidia (NVDA 8.05%) is the powerhouse in artificial intelligence (AI) today. But Apple (AAPL 4.13%) 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.
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.
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