Apple’s stock could rise 30% if it strikes an Nvidia deal for AI, this analyst says

Rothschild & Co Redburn says Apple’s AI strategy has lagged peers and could get a meaningful boost from partnering with Nvidia and adopting open-source models. The note argues Apple is overpaying about $1 billion a year to rely on Google’s Gemini and could reduce dependence on a direct rival by shifting toward Nvidia’s AI stack. The analyst reiterated a bullish stance on Apple, saying a strategic reset of Apple Intelligence plus a foldable iPhone could help the stock rise about 30% to $400. The article is supportive for Apple shares, while also highlighting Nvidia as an increasingly important AI ecosystem player. Google remains part of the current setup, but the piece frames Nvidia as a potentially better long-term AI partner for Apple.