Analysis of Recent Performance Shift Between Apple (AAPL), Nvidia (NVDA), and Alphabet (GOOGL)

Recent observations from a Reddit post (2025-11-28) highlight a notable performance shift among three MAG7 tech stocks: Alphabet (GOOGL), Apple (AAPL), and Nvidia (NVDA). Over the past month, GOOGL has risen by +18.33% driven by AI infrastructure scaling and derisking, AAPL has climbed +2.8% without AI hype (supported by potential Intel chip partnership rumors), while NVDA has declined by -8.29% despite strong GPU demand (due to concerns over temporary market dominance) [0,1,2].

The Reddit discussion debates whether this shift is short-term noise or long-term rotation. Key points include:

• Apple
  : Record valuation without revenue growth raises overvaluation concerns, but its cautious AI capex is viewed as bullish by some users.
• Alphabet
  : Growth attributed to derisking and earnings (not just AI hype), with its Communication Services sector outperforming (+0.86% on Nov 28) [0].
• Nvidia
  : Dominance in AI hardware is seen as temporary, as customers explore alternatives to reduce dependency [0].

1. MAG7 Dispersion
   : The inverse performance between NVDA and GOOGL/AAPL aligns with the Reddit discussion of “dispersion”—where one MAG7 stock falls, another rises to maintain index stability.
2. AI Strategy Impact
   : Differences in AI investment strategies are driving performance: Google’s aggressive AI infra spend (tripling to $90B) contrasts with Apple’s caution, which some view as preserving long-term FCF [2].
3. Customer Dependency Risk
   : Nvidia’s decline reflects market concerns over its reliance on customers who are actively seeking alternatives, limiting long-term upside [0].

• NVDA
  : Temporary market dominance risk—customers are exploring alternatives, which may impact future revenue streams [0].
• AAPL
  : Overvaluation risk—high P/E ratio (37.1) without visible revenue growth warrants caution [0].
• GOOGL
  : AI capex risk—tripling AI infrastructure spend may lead to higher costs if ROI is not realized in the near term [2].

• AAPL
  : Potential Intel chip partnership could reduce supply chain risks and expand hardware offerings [1].
• GOOGL
  : AI infrastructure scaling may drive long-term revenue if AI initiatives deliver expected returns [2].

The performance shift between AAPL, NVDA, and GOOGL reflects a mix of short-term noise and long-term strategic differences. Key metrics to monitor include:

• Apple’s upcoming earnings for revenue growth data.
• Nvidia’s customer retention metrics to validate dominance concerns.
• Alphabet’s AI revenue contribution to assess ROI from increased capex.

This analysis provides market context and is not investment advice. All data is as of 2025-11-28 [0].