AI Stock Market Roundup w/c 30th December
w/c 30th of December Roundup, Plus What to Watch This Week
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.
Main AI Stock Market Movers
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Ticker: AAPL | Price: $243.31 | Market Cap: $3.68T | Weekly Loss: 4.85% ⬇️
The reversal signal mentioned in last week's AI stock market roundup played out perfectly this week. Apple came close to becoming the first company valued at $4 trillion but saw its stock drop nearly 5%. The company is struggling to maintain its position in China, the world’s largest smartphone market, where foreign-branded shipments fell 47.4% year-over-year in November, marking the fourth consecutive monthly decline. Shipments of foreign handsets, including Apple’s iPhone, hit a record low of 3.04 million units since September.
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Ticker: NVDA | Price: $144.85 | Market Cap: $3.55T | Weekly Gain: 7.66% ⬆️
Nvidia had a strong week, narrowing the valuation gap with Apple. Its stock has soared over 837% in the past two years, playing a key role in the S&P 500’s impressive performance. Positioned to capitalise on trends in AI and cloud computing, Nvidia is poised for significant growth and innovation heading into 2025. The company is projected to achieve nearly 12% revenue growth in Q4 2024 and a 15% earnings increase in 2025, setting the stage for new all-time highs.
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Ticker: MSFT | Price: $423.35 | Market Cap: $3.15T | Weekly Loss: 1.65% ⬇️
Microsoft faced continued downward momentum this week. The company plans to invest $80 billion in fiscal 2025 to expand AI-enabled data center infrastructure, with over half of the spending in the U.S. “AI promises to drive innovation and boost productivity in every sector,” Microsoft President Brad Smith stated in a blog post. This significant investment signals growing momentum in AI data center development globally.
What To Watch This Week
Look out for Unemployment Numbers being releases on Thursday @ 8:30am EST.
New Year with new stock market trends ? or will AI continue to drive the markets higher?
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