Apple Stock's Not-So-Magnificent Year: Can AI, iPhone 17 Close the Gap with Big Tech Peers?

Core Viewpoint - Apple has struggled in the AI race, leading to a decline in its stock performance compared to its peers in the Magnificent Seven group [3][4][7]. Group 1: Stock Performance - Apple shares have decreased by 5% in 2025, making it the only stock in the Magnificent Seven to be in the red this year [3][7]. - The Roundhill Magnificent Seven ETF (MAGS) has increased by 18% for the year, while the S&P 500 has gained 12% [3]. Group 2: AI Strategy - Wall Street consensus indicates that Apple was slow to adopt AI technologies, launching its first major AI tool, Apple Intelligence, two years after competitors [4][5]. - Concerns have arisen regarding Apple's ability to deliver new AI features and its overall strategy in the AI space [5][9]. - Analysts suggest that clarity on Apple's AI strategy is essential for regaining stock momentum, with discussions around potential acquisitions to enhance AI capabilities [9]. Group 3: Manufacturing and Trade Policy - Apple's reliance on manufacturing in China and surrounding countries poses risks due to potential high tariff rates, despite current exemptions [6]. - The unpredictability of U.S. trade policy changes has created additional challenges for Apple [6].