Technicians Urge Buy Apple, Nvidia as AI Momentum Trade Revives

On May 19, 2026, momentum-focused analysts are advising investors to buy Apple and other Dow AI leaders while selling underperformers including Salesforce, Nike, IBM and Home Depot. The recommendation builds on May 18 coverage that highlighted renewed AI-driven demand for chipmakers and hyperscalers, with Oppenheimer naming Nvidia, Amazon, Alphabet and Apple as top picks and 22V Research favoring defensive names such as PepsiCo and CVS. DataTrek notes the iShares Momentum ETF (MTUM) has outperformed the S&P 500 by the widest margin since 2015 over the past 100 days. Nvidia’s earnings and guidance, due after the close mid-week, remain the key near-term catalyst that could sustain or broaden the rally.