AI Stock Market Roundup w/c 18th of November

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: $229.82 | Market Cap: $3.47T | Weekly Loss: 2.15% ⬆️

Apple had a positive week of trading continuing to consolidate and grind higher. This stability and positive price action has led to Apple matching Nvidia's market cap, just below $3.5T. Apple is preparing the next step in the evolution of a revamped and more human-like interaction experience for its Siri assistant by 2026. According to Bloomberg's Mark Gurman, the new Siri version will utilise AI through large language models to cause more elaborate and consistent conversations. Unlike the current versions, the new version will be able to work autonomously without relying on other services, such as OpenAI's ChatGPT. Although some features can be released by the year 2025, most of them are expected to be released in the year 2026, associated with the release of iOS 19.

Ticker: NVDA | Price: $141.95 | Market Cap: $3.47T | Weekly Loss: 0.01% ➡️

Nvidia had a turbulent week of trading as the chip giant released their third quarter earnings report on Wednesday. The report showcased the power of the AI-boom. Data centre revenue was a highlight, up 112% Y/Y and 17% Q/Q. The CFO expects Blackwell chip demand to exceed supply for several quarters. This is what the CEO, Jensen Huang had to say about the backlog of Blackwell chip orders, "We try to be fair with everyone so that they can all get their AI infrastructure up and running. We also make sure that their infrastructure is ready. And so, between us and them, there's no sense shipping computers if the data center and the power and the readiness of the system is not there".

Ticker: MSFT | Price: $417.00 | Market Cap: $3.10T | Weekly Gain: 0.50% ➡️

Microsoft had a steady week of consolidating price action. This comes after reports showed that Google is under legal fire. The U.S. Department of Justice is investigating a case to force the behemoth to sell its Chrome browser, alleging monopolistic behaviour. Microsoft could benefit from this as OpenAI is considering putting its ChatGPT technology into a browser, after talking about the idea with app and website builders. Microsoft has invested over $14B in OpenAI since 2019 and this opportunity could be perfect for investors to start to see a return on this investment.

What To Watch This Week

Look out for FOMC minutes releasing at 2pm on Wednesday.

Keep an eye on Bitcoin as it threatens to break the $100,000 mark

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Secret Source

Follow this link to watch an interview with Jared Tendler, the author of the best-selling book "The Mental Game of Trading".