The wait is over. There was considerable anticipation leading up to 's (NASDAQ: AAPL) Worldwide Developers Conference (WWDC) this week. In particular, investors were eager to learn about Apple's artificial intelligence (AI) strategy. They now have some answers.

At Alphabet's Google Cloud Next event in April, Nvidia (NASDAQ: NVDA) was near the center of attention. It was a much different story at Apple's WWDC. Here's how Apple's AI update was bad news for Nvidia.

Apple and Nvidia have been neck-and-neck in claiming the No. 2 spot behind Microsoft among the largest companies based on market cap. In the aftermath of the WWDC, Apple has opened up a bigger lead over Nvidia.

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Source Fool.com