Better "Magnificent Seven" Buy: Nvidia vs. Apple Stock
The "Magnificent Seven" stocks are a group of megacap technology companies that have thrived over the past few years and led this new bull market, but it's not been a smooth ride for every member of that group.
Two key members, iPhone maker (NASDAQ: AAPL) and artificial intelligence (AI) chip company Nvidia (NASDAQ: NVDA), are moving in opposite directions so far in 2024. Apple's stock price has fallen 10% since January, while Nvidia's has risen over 80%.
So, which one of these two stocks is the better buy going forward?
Source Fool.com
Apple Inc. Stock
€174.56
-0.190%
Currently there is a rather positive sentiment for Apple Inc. with 78 Buy predictions and 5 Sell predictions.
With a target price of 200 € there is a slightly positive potential of 14.57% for Apple Inc. compared to the current price of 174.56 €.
