Apple Inc. is launching M4 Macs with enhanced AI capabilities, incorporating Qualcomm's X Elite chipset, alongside Intel, Meta Platforms, and Alphabet, causing a 4.3% jump in its stock value.

Wall Street analyst Vivek Arya predicts a 26% gain for Nvidia stock with a price target of $1,100, despite a recent 7% drop, highlighting Nvidia's strong position in the AI chip market.

Nvidia's stock has surged by 239% in 2023, with a 76% increase post-market close in the same year, driven by high demand for its AI chips and anticipated continued growth from AI sector advancements.

Nvidia faces competition from AI chips like Intel's Gaudi 3, Meta Platforms' Inference Accelerator, and Alphabet's TPU, but is expected to maintain its industry lead with new chip releases.

Palantir Technologies and ASML Holding are identified as strong contenders in the AI industry, with Palantir's AI Platform growth and ASML's critical role in AI chip manufacturing.

Investing in diverse AI stock options, including Palantir and ASML, is recommended to capitalize on the AI technology growth, with the Motley Fool Stock Advisor team highlighting 10 potential high-return stocks.