AI-knekk på Wall Street: – Apple har blitt en trygg havn

On a particularly eventful Friday before Halloween, Wall Street experienced a significant drop in the Nasdaq index by 2.9 percent. Intel stock plummeted by an alarming 28.5 percent due to disappointing results and weak outlooks. This week may provide new answers about investors' confidence in AI stocks, with results from Apple, AMD, and Palantir, as well as the US midterm elections, taking center stage.

The US nonfarm payrolls report, often referred to as "the world's most important number," and ISM indexes for the US industrial and services sectors are also on the horizon.

In Norway, quarterly figures from heavyweight companies such as Salmer, Mowi, and Aker will be released, with the Norwegian Central Bank among several central banks awaiting the outcome. Nordea's chief strategist, Joachim Bernhardsen, believes that macroeconomic data from the US will continue to display strong growth, partly due to substantial AI investments. He mentions that the market has been "craving" defensive and stable stocks, even after the previous week's market tumble.

Bernhardsen expects major macroeconomic data from the US to show continued growth, especially as a result of AI investments. Companies are sensitive to changes in consumer spending worldwide, and investors are particularly interested in whether Apple has new ideas regarding its AI investments and how they will be implemented in software. Analysts are watching results and future outlooks from AI stocks like Palantir and AMD, which has dropped by 10 percent this week but is up 135 percent so far this year.