Each week I review the biggest movements within the AI stock market from last week and let you know what key market trends to look out for in the coming week, to keep you updated and ahead of the curve.
After a five-week streak of 2%-plus gains, Apple's stock typically declines by about 5% over the following month. Recently, Apple achieved a rare milestone, marking the first time in 14 years that it maintained such a streak. However, this might signal challenges ahead for investors. On Friday, the stock fell 1.6%, ending a six-day winning streak, though it remained up 0.1% for the week. The rally has brought Apple close to becoming the first U.S. company valued at $4 trillion, requiring a close above $264.62 to hit that mark.
Nvidia faced a setback, dropping 3.4% to just over $135, as investors reacted to a series of developments. Chinese start-up DeepSeek unveiled an AI model using Nvidia's H800 GPUs at a fraction of the cost incurred by Western players, highlighting Nvidia's tech efficiency but raising concerns about export restrictions and regulatory challenges. With CEO Jensen Huang set to unveil the next-gen Rubin chip at CES in January, the market is watching closely for insights into Nvidia's strategy in the competitive AI landscape.
OpenAI, backed by Microsoft, is exploring a shift to a Delaware public benefit corporation to raise traditional capital while retaining its nonprofit arm, according to a Thursday blog post. Currently operating as a hybrid nonprofit and for-profit entity, OpenAI is supported by investments from Microsoft, venture capitalists, and others. The company’s board is reviewing its structure with external legal and financial experts, aiming to evolve beyond its startup and lab origins. As a public benefit corporation, OpenAI would align its stock issuance with its nonprofit mission as its public benefit focus.
Look out for Unemployment Numbers being releases on Thursday @ 8:30am EST.
How will Bitcoin react after closing below the $100,000 price level?
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