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.

1. 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)
2. 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?
3. 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
4. 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
5. 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
6. 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 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

More By This Author:

Largest Psychedelic Compound -Based Clinical-Stage Drug Stocks Up 6% Last Week
Hype In Cannabis Stocks Has Waned: Down 7%, On Average, This Week
Semiconductor Sector Flat This Week; Down MTD; Here Are The Details Of 7 Segments