aurareturn
5 hours ago
As an AAPL shareholder, I find this baffling. In Q2, Nvidia had $58b in net income while Apple had $29b.
Nvidia is growing 70% - 200% YoY in net income compared to Apple's 10-15%. Nvidia also has a $1 trillion+ backlog. Apple's PE is 40+ while Nvidia's is 30 but the growth rates between the two are oceans apart.
Yes, I get that Apple's revenue appears to be more stable because it has a long history but all of Apple's devices, including the iPhone, will get a massive hit in rising RAM and wafer prices.
I think Apple is overvalued and Nvidia is very undervalued, coming from an AAPL shareholder. Wallstreet is already pricing in a decline for Nvidia but even with a decline, Nvidia will make way more money than Apple.
It's hard for me to fathom a drop in AI demand. This year, I must be using 1000x more tokens than I did at the same time in 2025.
throwfaraway4
5 hours ago
I think this ignores the potential impact of local AI across 2+B devices that no longer need SOTA models for the majority of use-cases. What does that do to datacenter demand?
aurareturn
4 hours ago
It’s not like Nvidia can’t get into local LLM market.
As a local LLM enthusiast, I highly doubt local LLMs will matter for many more years. There will always be extremely high demand for the smartest cloud models.
Local LLMs will never be as efficient in $/token/intelligence.