Economy

Apple's future
Apple once again the world's most valuable company

Apple is once again the world's most valuable company and takes back the top spot from Nvidia, several media outlets report.

Nvidia, which fell in line with other technology stocks during Friday's trading, is now valued at around $4.86 trillion, nearly SEK 46.9 trillion. Apple is rising slightly and is thus worth around $4.88 trillion, equivalent to around SEK 47.1 trillion.

The shift is a sign that investors are shifting focus from the most obvious winners of the AI ​​boom, such as Nvidia, writes Reuters.

- Apple was long seen as a laggard in the AI ​​race because the company did not invest in developing its own models. But now the sentiment has changed, says Toni Meadows, investment manager at BRI Wealth Management.

The future of defense
Saab: We need to produce more Global Eye

Defense company Saab expects to need to expand production capacity for radar reconnaissance and command aircraft of the Global Eye type, writes Nyhetsbyrån Direkt.

By around 2030, capacity will need to be increased from four aircraft per year to six. Saab CEO Micael Johansson said this in connection with the presentation of the interim report.

Saab has previously received orders for Global Eye from Sweden, the United Arab Emirates and France. Recently, it has also been announced that NATO intends to buy up to ten units and that Canada has chosen Saab as the preferred supplier.

Tech companies' AI race
IBM's warning is like a "hammer" for the market

IBM's warning that sales will not meet expectations is ominous, writes Bloomberg. It points to a growing gap between the AI ​​winners and everyone else in the tech sector.

IBM shares fell 25 percent on Tuesday after it said it had failed to predict that customers would shift their purchases from the company's products to investments in servers, storage and memory products for AI computing.

This should be seen as a signal that affects more than just IBM, says Brian Mullberry, market strategist at Zacks Investment Management. He says it is not a lack of demand for the products, but rather a lack of capital - which he describes as "a hammer" for the market. 

Stock market sentiment
Stock markets in Asia fall: "Bloodbath is a good description"

Asian stock markets fell sharply on Friday, following growing concerns about the valuation of tech companies. In Tokyo, the Nikkei 225 index fell 4 percent and in Taiwan the stock market fell 6 percent.

“A correction was expected, but it came earlier than expected,” Takamasa Ikeda, senior portfolio manager at GCI Asset Management, told Reuters.

“I don’t see panic yet – people are buying gold and silver, but there have been losses,” Johan Javéus, senior economist at SEB, told Reuters.

“The word ‘bloodbath’ is a good description because it covers everything,” said Kei Okamura, a manager at Neuberger Berman.

“Space X is a good thermometer in the market right now, and it’s trading below the listing price,” said Christopher Forbes at CMC Markets.