Technological actions are moving south while investors see that AI growth is not unlimited -

Technological actions refused in August As investors have questioned the limits of the growth of AI companies. NVIDIA, Marvell Technology and Super Micro Computer Inc. all underperform the larger market last month. This uncertainty can have an impact on the S&P 500, which is dominated by the giants of “magnificent 7” technology.

The Nasdaq 100 closed 1.22% Friday and although the American markets are closed today for the labor holidays, the contracts in the end for the index are not: they are negotiated flat this morning, which implies that investors do not expect a lot of technological actions once the ring bell in New York on Tuesday.

The Nasdaq 100 closed its doors for the month of August (-0.16%) even if the wider S&P 500 was up 3.56%.

Technological actions have been hampered throughout the month by discussion on the question of whether AI was in a bubble. And a MIT study suggested that 95% of companies have not yet seen a return on investment in AI.

While Jim Reid and his team of Deutsche Bank analysts said this morning: “Nvidia (-3.32% Friday) was a major engine of this sweetness, losing ground after the prospects of Marvell Technology increased doubts about the demand for data centers and the Alibaba of China has unveiled a new IA chip. part due to a break in the sales of ia fleas in China. »»

Marvell Technology is based in Santa Clara, California, and manufactures semiconductor fleas. He has a partnership with Nvidia. When he calls T2 2026 tax profits on August 28, CEO Matt Murphy said: “We expect the overall income from the data center in the third quarter to be sequentially stable.” The apartment is not in place, and that reduced Marvell’s shares 19% the next day. (In May, Marvell canceled her presentations from investor day, citing macroeconomic uncertainty.)

This disappointment came after Nvidia’s income calls the day before. The company has reported robust growth in the data center, but it was lower than analysts’ expectations.

And then there is Super Micro Computer Inc., another manufacturer of fleas supported by the Boom of the AI. In early August, he reduced his income prospects for the year to $ 33 billion. In February, he estimated $ 40 billion. In addition to this, on August 28, the company declared in its annual report: “We have identified significant weaknesses of our internal control over financial reports, which could, if not correctly, affect our ability to report our financial situation and our operating results in a timely and precise time.” Its stock dropped 5.5% after that and fell 27% for the month.

The tremor in AI actions could have consequences for the wider market. The technological companies “Magnificent 7” (Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia and Tesla), which have all placed great bets on AI, are currently worth 34% of all the market capitalization of the S&P 500.

Here is a snapshot of markets in the world this morning:

Future S&P 500 increased by 0.1% this morning. US markets are closed for labor festival.
Stoxx Europe 600 increased by 0.19% at the start of negotiations.
The FTSE 100 of the United Kingdom increased by 0.08% at the start of negotiations.
Nikkei 225 from Japan dropped by 1.24%.
CSI 300 from China increased by 0.6%.
South Korea Kospi dropped by 1.35%.
Nifty 50 of India increased by 0.81% before the end of the session.
Bitcoin Fallen at $ 109.3K.