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Apple shares have risen by more than 20% in the last year, while Nvidia shares have risen by 200%, providing bumper returns during the same period. Nvidia Dethrones Apple (Image Source ...
CNBC’s Jim Cramer believes that heavily shorted stocks, Nvidia Corp. NVDA and Apple Inc. AAPL, are likely to rally before the short sellers initiate further downward pressure on them immediately.
TL;DR: Apple has ordered $1 billion worth of NVIDIA's GB300 NVL72 AI servers, indicating a strategic shift towards enhancing its AI capabilities, particularly in response to challenges with Siri.