TECH - Dan Niles Predicts 'So Much More Growth' For Nvidia As Jensen Huang-Led Tech Giant Surpasses Apple: 'If I Have To Pick One To Own For The Next Couple Of Years...' | Benzinga
Dan Niles has made a bold prediction about the future of Nvidia Corp. (NASDAQ:NVDA) that the company is poised for significant growth, potentially outshining even Apple Inc. (NASDAQ:AAPL).
What Happened: During CNBC’s “Last Call” on Thursday, Niles, a well-known tech investor and founder of Niles Investment Management, commented that Apple had been a “massive underperformer” in terms of revenue in comparison to Nvidia over any time period one picks.
“To compare the two, I don’t think it makes any sense, from that [revenue] angle. There’s so much more growth in front of Nvidia,” he said.
Niles highlighted that “Apple is in an industry which doesn’t grow, which is smartphones,” adding that the Tim Cook-led company is lagging behind in terms of innovation and needs to catch up with other smartphone companies ...