Although Apple stock has posted significant gains since Berkshire's initial purchase in 2016, some on Wall Street are calling for even further share price appreciation. In particular, Dan Ives of Wedbush Securities has a $300 price target on Apple stock -- implying 32% upside as of the market close on Sept. 24.

There is a clear winner between these two companies trying to capitalize on the growing demand for AI graphics cards.

One use case that often goes overlooked is how AI is used in the defense sector. Over the last year, some AI defense tech stocks that have witnessed some notable price action include C3.ai and BigBear.ai.

Apple and Nvidia have both announced major share buyback programs, but I see one of these artificial intelligence (AI) players as the obvious winner in the long term.

The artificial intelligence trend has supercharged the growth of many tech stocks over the past year, including semiconductor giants Nvidia (NASDAQ: NVDA) and Arm Holdings (NASDAQ: ARM). So far in 2024, Nvidia shares climbed 144%, and Arm stock rose 91%.

Warren Buffett’s Berkshire Hathaway (NYSE:BRK-B) may have offloaded a massive chunk of Apple (NASDAQ:AAPL) stock this year. Still, there are plenty of reasons to hang on as the Oracle of Omaha books profits,