New Apple M4 Chip Threatens to Dethrone Nvidia (NVDA) Stock

AAPL reportedly wants to produce its own chips for artificial intelligence (AI) software in data centers. According to The Wall Street Journal, the company has been working on this device — internally codenamed Project ACDC (Apple Chips in Data Center) — for years.

Tech enthusiasts would likely have lined up for the new iPad Pro no matter what. But with the added incentive of a powerful new chip helping usher in a new stage of the AI revolution, interest in this sleek new device will be even higher. With that in mind, it’s easy to see why AAPL stock surged today and NVDA stock dipped, as the threat of a dangerous new competitor may be beginning to loom.
What makes the M4 chip special? Apple provided an in-depth overview of why this innovation matters for both investors and consumers:

This catalyst is likely exactly what Apple needs to bolster to its place as a pillar of Silicon Valley. Despite some recent momentum, AAPL stock remains in the red so far this year and some experts have expressed concern. One analyst at Barclays recently reiterated a “sell” rating on AAPL stock. Still, it’s hard to keep a sector leader down — and Apple has repeatedly proven its resilience and ability to continue innovating.

Apple is zeroing in on the next phase of AI technology all while the red-hot artificial intelligence market continues to surge. The company’s new M4 chip could signal a turning point for the tech giant and, as more updates on ACDC are released, AAPL stock may rise even further.
All told, Apple is in an excellent position to secure a piece of this lucrative space.