Chips sold off again Friday. Apple quietly closed at a record. 🍏
Nvidia's week of turmoil after Jensen Huang's resignation kept pressure on AI hardware. AMD and Broadcom had jumped as Nvidia fell on Thursday, then gave it back.
Fri Nov 13 close: $NVDA -2.0% to $162.85, AMD -8.8%, Broadcom -4.8%, semis ETF SMH -3.0%.
Meanwhile $AAPL +0.4% to $356.27, its highest close ever, after an intraday record near $360.8 (~$5.2T value). CNBC framed it as investors seeking safety from the AI sell-off.
Next catalyst: Nvidia reports Q3 on Tue Nov 17 (early Wed Nov 18, Asia time), its first quarter under interim CEO Colette Kress.
Is Apple the new "safe" big tech, or is the AI dip a gift before Nvidia earnings?
Nvidia's week of turmoil after Jensen Huang's resignation kept pressure on AI hardware. AMD and Broadcom had jumped as Nvidia fell on Thursday, then gave it back.
Fri Nov 13 close: $NVDA -2.0% to $162.85, AMD -8.8%, Broadcom -4.8%, semis ETF SMH -3.0%.
Meanwhile $AAPL +0.4% to $356.27, its highest close ever, after an intraday record near $360.8 (~$5.2T value). CNBC framed it as investors seeking safety from the AI sell-off.
Next catalyst: Nvidia reports Q3 on Tue Nov 17 (early Wed Nov 18, Asia time), its first quarter under interim CEO Colette Kress.
Is Apple the new "safe" big tech, or is the AI dip a gift before Nvidia earnings?
