Stock Market Weekly Review: Nasdaq Rises, GameStop's Struggle, and the Silicon Valley Shake-Up

Last week, the stock market witnessed notable movements with the tech-heavy Nasdaq index leading the charge, primarily boosted by NVDA Nvidia's impressive performance, which announced a stock split. On the other hand, GME GameStop grappled with volatility and lacked substantial support despite the widely-publicized appearance of its notable shareholder, referred to by many as 'Roaring Kitty'. Additionally, the stock market absorbed the impact of former President Donald Trump, who seems to be a new influencer affecting tech stocks in Silicon Valley.

The Role of Tech Giants in Nasdaq's Growth

Two tech behemoths, MSFT Microsoft and GOOG Alphabet, played significant roles in the growth of the Nasdaq index last week. MSFT Microsoft, a recognized leader in software, consumer electronics, and personal computing, continues to hold a dominant place in the technology sector. Alongside it, GOOG Alphabet, the parent company of Google, stands as one of the world's most valuable companies and a key driver of innovation in the industry.

GameStop's Continued Struggles in the Market

Despite ongoing interest from retail investors and social media hype, GME GameStop struggled to maintain positive momentum. The gaming retailer's trajectory was not aided by the social media persona 'Roaring Kitty', real name Keith Gill, who had become synonymous with the stock's previous surges. GameStop remains a company of interest due to its volatile stock performance and the broader conversation about retail investor influence on the stock market.

The Tech Sector and Presidential Influence

In a surprising development, former President Donald Trump has made an impact on the tech industry, causing ripples through stock valuations and investor strategies. While the full implications of his influence remain unclear, it marks a noteworthy point as politics continue to intersect with market dynamics.

Other Industry Movements: Red Lobster and Costco

In the realm of retail and dining, Red Lobster's challenges have come to light, hinting at potential closures of additional locations. Meanwhile, COST Costco continues to thrive as a leading retailer known for its wide range of quality products and membership-only retail stores. Additionally, media company FOX Fox Corporation remains a subject of discussion as it navigates the changing media landscape.

Nasdaq, GameStop, SiliconValley, Nvidia, MSFT, GOOG, COST, FOX, GME, StockSplit, Investment