BATMMAAN shares, comprising Broadcom, Apple, Tesla, Microsoft, Meta, Alphabet (Google), Amazon and Nvidia, have shown a mixed picture in the stock market over the past week. While some companies saw slight increases in their value, others experienced declines, underscoring the volatility within the technology sector. Thus, the first week of tech and crypto-franchise Trump ended somewhat tepid.
Apple and notably Tesla, one of the companies of Trump's hypeboy Elon Musk, both fell sharply. The rest of the tech bros had no cause for great celebration either. Meta shares rose six percent, but Meta in particular, with its open source project Llama, is being hit hardest by the launch of DeepSeek. In fact, there is already talk of "panic mode" at Meta.
While you would think that Nvidia would benefit greatly from Stargate's announcement (because who else is going to supply the chips for its intended high performance computing), many investors seem to think that Nvidia is threatened by Stargate. I offer no advice and make no predictions, but with Nvidia's next quarterly earnings report, there is a good chance that investors will want to join the Nvidia party once again.
As General Magic experienced almost thirty years ago, the right timing is crucial when introducing mass-market technology. The question is how soon it can be determined whether all the billions invested in AI will yield the intended financial and social returns. For now, we live in a reality in which Stargate's announcement seems as credible as the U.S. annexation of Greenland.
