AI Stock Market Roundup w/c 14th of October

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: $235.00 | Market Cap: $3.57T | Weekly Gain: 3.28% ⬆️

Apple had a strong week of trading, finishing the week up over 3% close to all-time highs. The share price was boosted this week as it was reported that iPhone 16 sales In China surged by 20% in the last 3 weeks. However, the company is still dealing with regulatory headwinds. The EU has fined Apple billions of dollars relating to an antitrust case, which sparked an outburst from the CEO, Tim Cook. Donald Trump has revealed that Tim Cook reached out to him for support with the former president stating, "Tim, I got to get elected first. But I’m not going to let them take advantage of our companies. That won’t be happening.”

Ticker: NVDA | Price: $138.00 | Market Cap: $3.39T | Weekly Gain: 2.22% ⬆️

Nvidia had a resilient week of trading, dropping over 7% to begin the week and recovering on Wednesday and Thursday to end the week close to all-time highs. Analysts have revised their price targets higher this week, with Bank of America moving their target to as high as $190, citing a the stock as a "generational opportunity." Despite the bullish sentiment and the underlying stubbornness of the stock, Nvidia is still facing headwinds. The US government weighs up capping AI chip sales to the UAE and Saudi Arabia, which could limit the earnings potential of the company moving forward.

Ticker: MSFT | Price: $416.32 | Market Cap: $3.11T | Weekly Gain: 0.42% ➡️

Microsoft had a steady week of trading, mainly consolidating. Microsoft came under pressure this week regarding their relationship with OpenAI. Both organisations are in talks over an equity distribution deal with OpenAI making the transition from a non-profit to for-profit. Investors have concerns over the $14B investment and how quickly the business will see returns. Analysts have revised their price targets lower to reflect this, with Piper Sandler moving their price target from $485 to $470. It is important to remember that these targets still predict upside potential for Microsoft.

What To Watch This Week

Look out for geopolitical news to drop this week as Gold streaks higher on fears of geopolitical tensions rising further.

Look out for Unemployment Claims releasing on Thursday at 8:30am EST

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