WEEKLY VIBE
Big Tech dragged the market to new closing highs, with CES 2026 keeping the AI narrative front-and-center.
Friday’s jobs report showed payroll growth basically idling (+50,000) while unemployment ticked down to 4.4%—enough to keep rate-cut chatter alive without spooking equities.
And the plot twist? “AI needs electricity” went mainstream as Meta’s nuclear power agreements lit up the utility/energy tape.
The Magnificent Seven
📦 AMAZON (Amazon) | 📈 +6.1% WoW
“Amazon used CES to remind everyone it still wants to own the assistant—and the interface.”
Amazon highlighted CES announcements including Alexa.com (a web experience for Alexa+) plus an updated Fire TV experience and Alexa+ integrations.
Impact:
If Alexa+ can travel across voice + mobile + web, it’s a clearer path to “AI as a service” inside Prime’s bundle.
🔍 ALPHABET (Google) | 📈 +3.8% WoW
“Alphabet’s “AI + product surface area” story translated into both stock momentum and shiny CES demos.”
Alphabet overtook Apple in market cap during the week’s megacap shuffle.
Google previewed Gemini features for Google TV at CES—leaning into more natural, assistant-style discovery on the biggest screen in the house.
Impact:
Search + assistant behavior is migrating into living rooms—more “intent moments,” more ads/subs leverage, more Gemini distribution.
📸 Snapshots
📊 MAG7 ETF SNAPSHOT - WEEK of 1/5 → 1/10
ETF (Ticker) | % Change |
|---|---|
Roundhill Magnificent Seven (MAGS) | 📈 +0.7% |
📊 MAG7 SNAPSHOT - WEEK of 1/5 → 1/10
Company (Ticker) | % Change |
|---|---|
Alphabet (GOOGL) | 📈 +3.8% |
Amazon (AMZN) | 📈 +6.1% |
Apple (AAPL) | 📉 -3.0% |
Microsoft (MSFT) | 📈 +1.4% |
Meta (META) | 📉 -0.9% |
Nvidia (NVDA) | 📉 -1.7% |
Tesla (TSLA) | 📉 -1.5% |
📊 INDEX SNAPSHOT - WEEK of 1/5 → 1/10
Company (Ticker) | % Change |
|---|---|
Dow (^DJI) | 📈 +1.1% |
NASDAQ (^IXIC) | 📈 +1.2% |
S&P (^GSPC) | 📈 +0.9% |
🕶 Meta (Meta) | 📉 -0.9% Wow
“Meta basically said: if the AI era runs on electrons, fine—we’ll go buy the electrons.”
Meta announced nuclear-energy agreements tied to powering AI infrastructure, aiming for up to 6.6 GW secured by 2035 (via deals involving TerraPower, Oklo, and Vistra).
Quick jargon check: PPA (power purchase agreement) = a long-term contract to buy electricity at agreed terms.
Impact:
This is capex (capital spending on long-term assets) logic in energy form—lock supply now to keep AI training and inference (running models) costs predictable later.
🍎 APPLE (Apple) | 📉 -3.0% WoW
“Apple’s week was less “new gadget” and more “valuation vibes.””
Apple started 2026 under pressure after a Raymond James downgrade, pointing to valuation concerns and expectations already baked in.
Impact:
With mega-caps being priced like platforms-not-products, Apple needs its AI narrative to feel inevitable—not optional.
💾 NVIDIA (Nvidia) | 📈 📉 -1.7% WoW
“Nvidia’s CES message was simple: the AI stack is getting bigger, faster, and more “everywhere.””
Jensen Huang’s CES presentation covered the Rubin platform roadmap plus a broader push into robotics/autonomy.
One key stat: Nvidia’s Rubin NVL72 pitch included claims like up to 5x inference performance and 10x lower cost per token vs. prior gen (cost per token = what it costs to generate AI output).
Impact:
If those economics land, it extends the “AI buildout” cycle by making more use-cases profitable—not just the biggest labs.
⚡ TESLA (Tesla) | 📉 -1.5% WoW
“Tesla traded like a company caught between “deliveries now” and “autonomy later.””
The week’s conversation stayed anchored on weak delivery momentum (and what that implies for near-term demand and margins).
Autonomy/AI angle: Musk acknowledged the long tail: Tesla needs on the order of 10 billion miles of training data for safe unsupervised (no human oversight) FSD.
Impact:
The market will keep discounting the robotaxi future until the data + safety + regulatory runway feels shorter (or at least clearer).
💻 MICROSOFT (Microsoft) | 📉 -2.9% WoW
“Microsoft leaned hard into “AI that actually does things,” not just chats.”
Microsoft announced agentic AI (AI that can take multi-step actions) retail solutions aimed at automating functions across the retail workflow.
Impact:
More agentic workloads means more Azure consumption—and more urgency around AI efficiency, not just AI capability.
🌊 Ripple Compaines
Vistra (VST): Vistra announced long-term PPAs with Meta tied to nuclear generation in PJM (a major U.S. grid operator).
Oklo (OKLO): Oklo announced an agreement supporting development of a 1.2 GW nuclear energy project in Ohio connected to Meta’s demand.
Impacts:
AI-driven power demand is becoming a tradable theme, not a footnote.
Hyperscaler-scale contracts can de-risk early-stage energy projects—at least enough to move markets.
🌊 The Ripple Effects Macro & Markets
Broad tape: S&P +0.93%, Nasdaq +1.18%, Dow +1.08% — a clean “risk-on” start to 2026.
Theme leadership: CES reinforced the “physical AI” narrative (chips → robots → cars → devices), even if some Mag7 names diverged on valuation.
Macro undercurrent: Some strategists kept flagging the possibility that the AI boom itself could become an inflation driver (translation: more demand for power, chips, and buildouts can keep prices sticky).
Sentiment check: Even if AI infrastructure spending slows, the “rates may offset it” argument stayed in the mix.
🔮 What’s Next
CES “aftershocks”: product timelines, partner announcements, and real pricing will matter more than stage demos.
AI capex (capital spending on long-term assets) scrutiny: investors will keep asking who’s getting paid now versus “someday.”
Tesla’s near-term narrative: watch how quickly autonomy updates move from “pilot programs” to “repeatable scale.”
Nvidia roadmap digestion: customers will translate Rubin promises into procurement plans (and competitors will respond).
Closing Insights
CES didn’t just show gadgets — it gave the market permission to believe the “AI everywhere” story has chapters left. The only thing more powerful than a new roadmap is a narrative investors want to own.
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