Have Shares of AAPL Become The New NVDA Style "AI" Play For SPY/QQQ?

NVDA hasn’t been doing much since it’s stock split last month. It got hit by a little profit taking and has just been sitting there.

That hasn’t been the case with Apple, though, as you can see from the above chart.

Back in May Apple was trading at $165 and on Friday it closed above $226.

AAPL fashioned itself as the new “AI” stock play when it announced three weeks ago that it was going to incorporate “AI” into SIRI, that’s the Apple phone voice that talks to its users.

After the announcement, the stock soared in days over thirty points and hasn’t stopped going up yet.

What is next?