AI Stock Market Roundup w/c August 4th

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: $216.24 | Market Cap: $3.29T | Weekly Loss: 1.62% ⬇️

Warren Buffet's Berkshire Hathaway sliced it's Apple holdings during Q3 but it still remains its largest equity position. Apple had a strong week after the drop during Monday's pre-market session. Price fell over 9% from Friday's closing price and climbed steadily for the rest of the week. Apple is seen as a safe bet by investors during a economic downturn due to its robust business model and being in pole position to continue to profit from the AI boom. Despite the strong business model, if the market is to drop on recession concerns I fear Apple will be dragged down by the broader market.

Ticker: NVDA | Price: $104.75 | Market Cap: $2.58T | Weekly Loss: 2.30% ⬇️

Nvidia had a volatile week in the markets dropping over 11% from Friday's closing price. Buyers stepped and saw value in the chip maker and managed to hold the $100 psychological level. According to recent SEC filing Nvidia insiders sold shares worth over $25 million. With insiders cashing in this could be a good buying opportunity for investors who plan to hold the stock for the long haul. China's new AI chip has surpassed Nvidia's H100 GPU that runs entirely on light in energy efficiency and poses a threat to their market leader status.

Ticker: MSFT | Price: $406.02 | Market Cap: $3.02T | Weekly Loss: 0.59% ➡️

Microsoft like Apple and Nvidia saw a 6% sell off from Fridays's close but steadily rose for the rest of the week. Delta airlines are pursuing legal action against Microsoft and Crowdstrike relating to the tech outages that caused many flights to be delayed or cancelled. This lawsuit is estimated to be in the region of $500 million. The recession fears coupled with this fresh lawsuit could spell a tough couple of weeks ahead for Microsoft. With price back to the same levels as early this year, long-term buyers may see value at these prices, but be prepared for more volatility ahead.

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What To Watch This Week

Look out for the Consumer Price Index (CPI) numbers releasing @ 8:30m EST on Wednesday

Look out for month on month Retail Sales numbers releasing @ 8:30m EST on Thursday

Watch out for Microsoft and how it handles the new $500M lawsuit by Delta

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