Investing.com – Argus names Apple Inc (NASDAQ:) and NVIDIA Corporation (NASDAQ:) among the top stocks given their leadership in generative artificial intelligence and hardware innovation.
With a price target of $280, Apple is expected to benefit from its generative artificial intelligence “Apple Intelligence” introduced in the iPhone 16 Pro series. The new AI features are designed to ensure a steady update cycle in 2025. Argus noted Apple’s strong earnings per share growth outlook, supported by hardware demand, services revenue and aggressive shareholder returns.
“We believe the current environment represents an opportunity to establish or average out positions in AAPL,” said analyst Jim Kelleher.
Nvidia remains Argus’ favorite semiconductor stock for the third year in a row, with a $175 price target. The brokerage noted Nvidia’s dominance in artificial intelligence hardware, software and cloud services, with revenue up 90% to $35.1 billion in the third quarter of fiscal 2025. Argus says Nvidia is a must-have for investors seeking access to the AI economy intelligence.
“We believe most technology investors should own NVDA in the era of deep learning, artificial intelligence and GPU-based application acceleration.”