Nvidia's P/E of 34 against 85% revenue growth favors growth investors; Apple's $62B in buybacks and Services flywheel suit defensive portfolios. NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) and Apple (NASDAQ:AAPL) just delivered earnings that frame the two dominant bets in tech today. Apple guided September quarter growth of 9%-11%, constrained by advanced-node SoC supply that Cook attributed to “a demand forecast issue” rather than a shortage. Why I Lean Nvidia for Growth, Apple for BallastIf I had to pick one, I would still tilt toward Nvidia for the growth sleeve. A P/E of 34 against +85% revenue growth and 75% margins looks rich, yet the earnings power is compounding faster than the multiple.