Both Micron Technology (Nasdaq: MU) and Nvidia (Nasdaq: NVDA) believe the industry’s tight memory chip supply, owing to the AI boom, will persist well beyond 2026, according to a report in Bloomberg.
Nvidia stock is taking it on the chin today, down 3.4%, while Micron is bucking the downward trend and gaining fractionally.
According to Counterpoint Research, Apple topped the rankings for Q4 smartphone device sales in China, capturing close to 22% of the market share pie. Apple stock is stuck in the doldrums today, falling 1.4%.
Goldman Sachs recently reemphasized its “buy” rating on Apple stock with a $320 price target on iPhone momentum.
Among the latest developments in the AI wars, ChatGPT maker OpenAI has set its sights on launching its inaugural physical device in 2026. Microsoft, which both owns a notable stake in and competes with OpenAI, is stock 1.7% today.
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President Trump’s Greenland aspirations have inserted the latest layer of uncertainty into the markets. Technology stocks are dragging the markets lower today, with names such as Nvidia (Nasdaq: NVDA | NVDA Price Prediction), Google parent Alphabet (Nasdaq: GOOGL), and Amazon (Nasdaq; AMZN) each losing about 3% of their value in the sell-off. All three of the major stock market averages are trading in the red, with the Nasdaq Composite, S&P 500 and Dow Jones Industrial Average all losing more than 1% to start the week. Most every sector of the economy is also under pressure, with the exception of energy stocks, which are up 0.60% as a group.
Precious metal prices have been soaring as geopolitical tensions escalate, with gold and silver spot prices crossing fresh all-time highs before pulling back slightly.
President Trump has set his sights on acquiring Greenland and has warned he’s willing to implement tariffs on any country getting in his way. President Trump is headed to Davos, Switzerland on Wednesday where he will be amongst global business leaders for the World Economic Forum followed by an invite-only reception.
Hedge fund legend Ray Dalio has warned that the U.S. could face what he described as “capital wars” as other countries flee American assets in response to the Trump administration’s aggressive policies.
Here’s a look at where things stand as of morning trading:
Dow Jones Industrial Average: 48,763.87 Down 618.11 (-1.25%)
Nasdaq Composite: 23,173.14 Down 343.12 (-1.5%)
S&P 500: 6,850.17 Down 89.84 (-1.3%)
The Amazon CEO has reportedly warned from Davos that the U.S. tariff effect has begun to rear its head in consumer prices.
AeroVironment (Nasdaq: AVAV) stock is under pressure today, falling nearly 2% after the U.S. government shuttered a work order for the company’s defense systems in favor of amending the terms.
Netflix (Nasdaq: NFLX) stock is a rare gainer as its plan to acquire Warner Bros. continues to unwind amid twists and turns.
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Gerelyn Terzo is the author of dividend investing handbook "Dividend Investing Strategies: How to Have Your Cake & Eat It Too." A veteran financial journalist, she covers agri-finance for outlets like Global AgInvesting and the broader stock market and personal finance for 24/7 Wall Street. She began at CNBC and later helped launch Fox Business in New York. Gerelyn currently resides in Woodland Park, Colorado and dabbles in nature photography as a hobby.
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