“Heavy is the head that wears the crown”

That’s the looming concern for two tech titans. One a longtime leader-of-the-pack, the other a surging newcomer, at least among the Trillion Dollar Club.

That’s right, we’re talking about Apple (NASDAQ: AAPL) and Nvidia (NASDAQ: NVDA).

Apple, the world’s biggest company by market cap, had a tough go last week. They had a brutal 7.7% two-day drop starting last Tuesday and have barely bounced back from the hit since then.

The news that led to the drop was substantial…

The Tech Giant was the latest company to wind up in the middle of the United States’ ongoing tech war with China.

Many government employees within China have been banned from bringing their iPhones to work. The move coincided with the Chinese company Huawei announcing its new line of smartphones produced with exclusively China-made components.

Apple was especially vulnerable in this area as China was a growing market. Having reached near-maximum market saturation through most of the West, a lot of their long term outlook was based on expanding their presence in both China and India.

This “soft ban” of American tech for its government employees is similar to the ban of Micron’s chips for use in Chinese government infrastructure projects earlier this year.

Meanwhile, Nvidia saw an even bigger drop of 7.2% last week. Although it was over the course of five days.

While we don’t have as simple of an explanation as we got with Apple, Nvidia’s drop may be more telling in the long term, as the words “AI bubble” are starting to get thrown around.

Nvidia is starting to see some competition from other chip makers, who are close to releasing their own versions of the H100 AI superchip, so there may be some cause for concern for the newest member of Tech Royalty.

Here is what else I’ve got my eye on this week…

	Lithium Discovery In US Volcano Could Be Biggest Deposit Ever Found A world-beating deposit of lithium along the Nevada–Oregon border could meet surging demand for this metal, according to a new analysis. Read more…
	Meta Is Developing a New, More Powerful AI System as Technology Race Escalates Parent of Facebook and Instagram wants artificial-intelligence system to be as capable as OpenAI’s most advanced model. Read more…
	The First Human Organ Created Inside An Animal Opens The Door To Manufacturing ‘Spare Parts’ For People In an experiment that raises bioethical issues, researchers in China have generated a blueprint of a humanized kidney in a pig embryo. Read more…
	China’s Top Chipmaker May Be In Hot Water As Us Lawmakers Call For Further Sanctions After Huawei ‘Breakthrough’ Two US congressmen called on the White House to further restrict export sales to the company. Read more…
	Google Faces The DOJ In The First Major Tech Monopoly Trial In Decades Here’s how to expect the monthslong trial to play out and the key points of argument in the case. Read more…