The +$1T Mega Cap AI Portfolio; Up 29% YTD, Was Flat Last Week -

The +$1T Mega Cap AI Portfolio; Up 29% YTD, Was Flat Last Week

Aug 26, 2024Jeremy ParkinsonFinance, No picture0

Image Source: UnsplashIntroductionAlmost every startup relies on the computing infrastructure of Microsoft, Amazon, and Google, in particular, to train their systems, and on those same firms’ vast consumer market reach to deploy and sell their AI products and, thanks to platform dominance and the self-reinforcing properties of the surveillance business model, they own and control the ingredients necessary to develop and deploy large-scale AI. They also shape the incentive structures for the field of research and development in AI, defining the technology’s present and future. Put bluntly, there is no AI without Big Tech.The +$1T Mega Cap AI PortfolioThe stock price performances of the 6 constituents in the munKNEE +$1T Market Cap AI Portfolio are highlighted below for last week, in descending order, and YTD, along with their market capitalizations and any pertinent news, analyses or commentary on them.

Nvidia (NVDA): UP 3.8% last week; UP 161.2% YTD

Market Capitalization: $3.18T
Latest news, analyses or commentary:
- Nvidia gets ready to take over the stock market (again)

Alphabet (GOOGL): UP 1.6% last week; UP 18.6% YTD

Market Capitalization: $2.04T
Latest news, analyses or commentary:
- Will Alphabet AI Phones Crush Apple’s AI Plans?

Apple (AAPL): UP 0.3% last week; UP 17.8% YTD

Market Capitalization: $3.45T
Latest news, analyses or commentary:
- Here’s Why Wall Street is Excited About Apple’s Upcoming New iPhone Event in September

Meta Platforms (META): UP 0.1% last week; UP 49.2% YTD

Market Capitalization: $1.34T
Latest news, analyses or commentary:
- Meta Stock Nears Buy Point

Amazon (AMZN): Unchanged last week; UP 16.5% YTD

Market Capitalization: $1.86T
Latest news, analyses or commentary:
- Amazon Stock Has Shown Weakness Lately But Financials Look Strong

Microsoft (MSFT): DOWN 0.4% last week; UP 10.8% YTD

Market Capitalization: $3.10T
Latest news, analyses or commentary:
- Analyst Thinks Microsoft AI Monetization Should Be Enough to Soothe Wall Street Concerns

FIGURE 2: Stock Chart (1-Year)Source: S&P Capital IQSummaryThe +$1T Mega Cap AI Portfolio was DOWN 0.1% last week, is DOWN 2.8% MTD yet remains UP 29.4% YTD. Other DevelopmentsChipmaker Advanced Micro Devices (AMD) needs to keep pace with AI chip leader Nvidia if it’s going to live up to the high investor expectations for its stock so AMD has beefed up its position in artificial intelligence by acquiring ZT Systems for $4.9 billion. SourceMore By This Author:Largest Psychedelic Compound -Based Clinical-Stage Drug Stocks Up 6% Last Week
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