By Khac Phu Nguyen
Publication Date: 2026-09-23 17:26:00
This article first appeared on GuruFocus.
Nvidia (NASDAQ:NVDA), the AI chip and data center leader, faces a challenge at the smaller end of the AI market: Apple (NASDAQ:AAPL) is pitching Macs that run demanding models in an office, without a cloud bill for every token. Nvidia shares slipped nearly 1.3% to $227.98 Wednesday morning.
Apple demonstrated four connected Mac Studios running a trillion-parameter model to fix a coding bug. The pitch is simple: buy the machines once, then keep using them. That could appeal to businesses with steady workloads or sensitive data. Nvidia’s latest quarter puts the scale of the contest in perspective: data centers generated $89 billion of its $96.2 billion in revenue, or roughly 92.5%.
The GF Score chart gives Nvidia 95 out of 100. Profitability and growth are its strongest points; GF Value is visibly weaker. Apple’s desktop pitch is unlikely to displace the large systems used to train frontier models. The question for investors is narrower: how much routine AI work can move onto machines customers own before it reaches a cloud GPU?
