Investing.com — Argus has Apple Inc (NASDAQ and NVIDIA Corporation (NASDAQ ) as top stock picks given their leadership in generative ai and hardware innovation.
Apple, with a price target of $280, is expected to benefit from its “Apple Intelligence” generative ai, introduced with the iPhone 16 Pro series. The new ai features aim to drive a strong refresh cycle in 2025. Argus highlighted Apple's strong EPS growth prospects, supported by hardware demand, services revenue and aggressive shareholder returns.
“We believe the current environment presents an opportunity to establish dollar positions in AAPL,” said analyst Jim Kelleher.
Nvidia, with a $175 price target, remains Argus' favorite semiconductor stock for the third year in a row. Brokerage highlighted Nvidia's dominance in ai computing hardware, software and cloud services, with fiscal Q3 2025 revenue increasing 90% to $35.1 billion. Argus views Nvidia as essential for investors seeking exposure to the ai economy.
“We believe most technology investors should own NVDA in the era of deep learning, ai and GPU-driven application acceleration levels”
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