Apple will eclipse Nvidia as the top AI stock in 2025, Citi says

• Apple will surpass Nvidia as the top AI stock in 2025, Citi predicts.
• The AI trade is shifting to devices from infrastructure, benefiting Apple’s upcoming iPhone 16 cycle, Citi said.
• Apple’s AI push includes the iPhone 16 with A18 chips and new AI features, followed by the iPhone 17.

Apple will overtake Nvidia as the top AI stock in 2025, according to a Thursday note from Citi.