Former Wedbush analyst Dan Ives named Nvidia and Apple among his five top tech picks for 2027, arguing investors underestimate a $4 trillion AI spending wave. He sets price targets of $300 for Nvidia and $400 for Apple, and the stocks have risen about 27% and 23% so far this year. Nvidia trades at a forward P/E of 25.69x, about 39% below its five-year average of 42.17x, with EPS expected to grow 95.23% this fiscal year and 70.90% next year. Apple's forward P/E is 37.78x, about 28% above its recent average of 29.55x, and its EPS growth is expected to slow to 8.51% in fiscal 2027. The article concludes Nvidia is better positioned for the spending thesis because Apple's valuation depends on AI delivering stronger growth.
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