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%.

Artificial intelligence technology is certainly among the most disruptive trends in the market for investors to consider. Most companies have touted their AI integrations and product developments on earnings calls,

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Artificial intelligence (AI) stocks have been a driving force behind the S&P 500 's impressive performance recently. The benchmark index has climbed over 21% year to date and gained more than 34% in the past 12 months.