Speaking on the Schwab Network recently, well-known analyst Dan Ives advised investors with a time horizon of more than one year to buy Nvidia (NVDA) stock.
Ives also weighed in on the potential impact of President Donald Trump’s tariffs on Apple (AAPL).
Ives Remains Bullish on Nvidia’s Long-Term Outlook Despite His Worries About Tariffs
Investors who can hold onto Nvidia’s shares for more than a year should buy the stock, Ives stated.
Ives noted that he views NVDA as one of the best positioned names in the tech sector.
The analyst remains upbeat on NVDA’s long-term outlook even though he’s quite bearish on the tech sector overall due to the tariffs.
“The tariffs could take the tech industry back a decade,” the analyst stated.
The Potential Impact of the Tariffs on AAPL
If Apple’s iPhones are built in the U.S., they will cost $3,500, but if they are made in China, they will have a price tag of just $1,000, according to Ives.
Additionally, he estimated that it would take AAPL three years to move just 10% of its supply chain to America, while it would have to spend $20 billion to accomplish the latter goal.
While we acknowledge the potential of NVDA, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than NVDA but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
