The +$1T Mega Cap AI Portfolio; Up 29% YTD, Was Flat Last Week
Image Source: Unsplash
Introduction
Almost 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 Portfolio
The 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:
- Alphabet (GOOGL): UP 1.6% last week; UP 18.6% YTD
- Market Capitalization: $2.04T
- Latest news, analyses or commentary:
- Apple (AAPL): UP 0.3% last week; UP 17.8% YTD
- Market Capitalization: $3.45T
- Latest news, analyses or commentary:
- Meta Platforms (META): UP 0.1% last week; UP 49.2% YTD
- Market Capitalization: $1.34T
- Latest news, analyses or commentary:
- Amazon (AMZN): Unchanged last week; UP 16.5% YTD
- Market Capitalization: $1.86T
- Latest news, analyses or commentary:
- Microsoft (MSFT): DOWN 0.4% last week; UP 10.8% YTD
- Market Capitalization: $3.10T
- Latest news, analyses or commentary:
FIGURE 2: Stock Chart (1-Year)
Source: S&P Capital IQ
Summary
The +$1T Mega Cap AI Portfolio was DOWN 0.1% last week, is DOWN 2.8% MTD yet remains UP 29.4% YTD.
Other Developments
Chipmaker 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. Source
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Disclosure: None
This article has been composed with the exclusive application of the human intelligence (HI) of the author. No artificial intelligence (AI) technology has been deployed. ...
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