AI Stock Market Roundup w/c July 22nd

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: $217.96 | Market Cap: $3.34T | Weekly Loss: 2.60% ⬇️

Apple continued to correct to the downside this week. Since the 11th of July, Apple has only finished green on the day twice. Despite the recent downside momentum, Apple is currently 9.22% above last years all time high ($200), putting into perspective the strength of the upside momentum Apple has seen since April. This is a logical area to expect buyers to step in if the long term bullish trend is going to prevail.

Ticker: NVDA | Price: $113.06| Market Cap: $2.78T | Weekly Loss: 5.90% ⬇️

Nvidia had a poor week of trading this week after price broke the support area ($118) where buyers stepped in on the 25th of June. Price moved aggressively to the downside during Wednesday and Thursday's session losing over 10% but rebounding over 6% in a very volatile end to the trading week. With companies investing heavily in the AI sector, no one knows how much AI will boost profits in the long run. Until the profits from AI are tangible, investors will be speculating as to the impact on profitability and this will lead to increased volatility.

Ticker: MSFT | Price: $425.27 | Market Cap: $3.16T | Weekly Loss: 3.79% ⬇️

Microsoft had a challenging week with large losses on Wednesday and Thursday. With the IT issues still being an issue worldwide, the downside movement was accelerated. Earnings will be a massive factor this week with price at such important levels. All of the big AI names are at areas on the chart, where if the overall bullish trend is to continue, buyers will have to step in soon.

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What To Watch This Week

Microsoft's earnings on Tuesday

Apple's earnings on Thursday

Interest Rate announcement on Wednesday @ 2pm

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Secret Source

Use this link to watch this interview with, Paul Scott, a institutional trader with over 30 years experience.