Can AI-hyped Nvidia continue to exceed expectations? And how is Tesla really doing?
The American tech giants, who have dominated the stock market and attracted many Swedish small investors along the way, will now reveal their true colors.
Tesla stands out a bit on the negative side, says Frida Bratt, savings economist at Nordnet.
Over the coming weeks, the seven tech giants (Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia, and Tesla) will deliver new quarterly figures, something the world's markets are following with suspense.
They have become tone-setting for the stock market mood, says Frida Bratt at online broker Nordnet.
First out are Google owner Alphabet and Elon Musk's electric car manufacturer Tesla. There is some skepticism about Tesla in the market as well as among investors. One is unsure about the development ahead, says Bratt.
During the price surge that has been going on in recent weeks, many investors have taken the opportunity to sell and it's not common. The fact that they sell when the stock has gone up shows that the image investors have of Tesla is a little different now.
Increased interest
Many Swedes own shares in Tesla, even though both Nordnet and Avanza have seen a decline this year. At Nordnet, there are currently around 57,000 customers. At Avanza, nearly 79,000.
In the opposite direction is chip giant Nvidia. AI has been a driving factor for the entire stock market development, and Nvidia has created a key position. This has also attracted Swedish investors to invest in the American giant. At Nordnet, around 50,000 customers own it - an increase of 168 percent this year. Avanza sees a similar trend.
There has been a great increased interest over several years for these American giants, especially for Nvidia, which has done extremely well on the stock market.
Equally strong demand?
Nvidia has so far been the big winner in the ongoing global AI race, even though the other tech giants are starting to catch up a bit, says Bratt.
It's also Nvidia that is expected to do best when the company's report is presented in the second half of August - and the report that can really get the market moving.
It's a bit like the market is holding its breath for just that, says Frida Bratt.
The entire stock market mood has hung on Nvidia's report, as strange as it may seem. It has to do with the fact that the company is very large, but it will also become clear in black and white how it goes with AI. Is the demand for AI as strong as many hope for? It's very clearly visible in the demand for Nvidia's products.
