AI Stock Market Roundup w/c 6th of January

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.

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Main AI Stock Market Movers

Ticker: AAPL | Price: $236.85 | Market Cap: $3.58T | Weekly Loss: 3.32% ⬇️

Apple’s downward momentum continued, marking its third consecutive weekly decline after nearing a $4 trillion valuation. Meta CEO Mark Zuckerberg criticised Apple for stifling innovation, accusing the company of restricting seamless connectivity to its products. Using AirPods as an example, he argued competitors could build better earphones but can’t match their integration, allowing Apple to dominate the market.

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Ticker: NVDA | Price: $135.91 | Market Cap: $3.33T | Weekly Loss: 8.99% ⬇️

Nvidia experienced a sharp momentum shift this week, briefly approaching all-time highs before plunging to the $130 support level following a sell-off after the CES event. HSBC lowered its price target from $185 to $175, reflecting tempered expectations for 2025. Despite this, Nvidia’s growth potential remains significant, positioning it as a strong contender to surpass Apple in market value.

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Ticker: MSFT | Price: $418.95 | Market Cap: $3.11T | Weekly Loss: 2.12% ⬇️

Microsoft has returned to its 2024 consolidation range, with repeated breakout attempts failing as investors await a clear catalyst. The company confirmed small layoffs across various departments, describing them as performance-based decisions to maintain high staff productivity. Furthermore, Microsoft’s $3 billion investment in India’s cloud and AI infrastructure over the next two years is a key step in its global AI expansion. The plan includes new data centres and skilling initiatives, supporting India’s goal of becoming an AI-first nation by 2047.

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What To Watch This Week:

• CPI Y/Y number being released on Wednesday
• Unemployment claims being released on Thursday

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Secret Source

Follow this link to listen to Mark Zuckerberg's 3 hour conversation with Joe Rogan on censorship, the future of AI and Apple stifling innovation.