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Barchart
Anushka Mukherji

Is Apple Stock Set to Steal Nvidia's AI Momentum?

Nvidia AAPL Citi Apple

Artificial intelligence (AI) has fueled the meteoric rise of several tech giants over the past year, and Nvidia Corporation (NVDA) stands out as one of the industry leaders. The chip designer's explosive growth, driven by soaring demand for its AI-essential GPUs from major tech companies, has captivated the entire market and solidified Nvidia's position as a dominant force in the AI revolution.

As more and more companies rushed to harness the transformative capabilities of AI, tech giant Apple Inc. (AAPL) is also gearing up to make its mark in the AI space. Though it's a relative latecomer to the AI scene, Apple’s ambitious plan to introduce AI-powered features in the upcoming iPhone 16 could be a game-changer, positioning the tech giant to make a bold entrance and disrupt the consumer AI space.

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