Apple and Google Collaboration: Highlights of the Week's Developments

This Week's Developments: Technology and Economy

This week, notable developments for investors occurred in both the technology world and financial markets. The partnership between Apple (AAPL) and Google (GOOGL) is considered a significant step in the field of artificial intelligence. With this collaboration, Apple aims to integrate Google’s cloud technology into the next generation of Siri updates.

Strong Performance in Borsa Istanbul

The BIST 100 Index in Borsa Istanbul continued its rise throughout the week. On the last trading day, the index reached a historic high of 12,558 points and is on track to finish the week with an increase of nearly 2%. Investors are focused on the Central Bank of the Republic of Turkey's (TCMB) interest rate decision to be announced on January 22. The general consensus in the markets is that the TCMB will reduce the interest rate by 150 basis points to 36.5%.

Fourth Quarter Earnings Season Begins

The fourth quarter earnings season has begun, and some major companies have announced their results. Taiwan Semiconductor Manufacturing (TSMC) exceeded analyst expectations with a strong performance driven by robust demand for artificial intelligence applications. Similarly, BlackRock (BLK) set a record by increasing its total managed assets to $14 trillion.

Important Developments from Çelebi and TAV

Çelebi Aviation Services (CLEBI) has begun operations in Bali and Jakarta, Indonesia. Additionally, TAV Airports (TAVHL) signed a significant concession agreement with the Georgian government, committing to a $150 million investment.

New Partnerships and Investments

The Trump administration approved the sale of Nvidia’s (NVDA) artificial intelligence chip to China while introducing new restrictions. In addition, Five9 (FIVN) expanded its collaboration with Google Cloud to offer a joint solution. Also, Aygaz (AYGAZ) strengthened its fleet by purchasing a new LPG ship, while L3Harris Technologies (LHX) announced that it received a significant investment proposal.

Brief Market Notes

Inflation data drew attention in the U.S. and around the world. In Turkey, December inflation was reported at 0.89% monthly and 30.89% annually. Among the recommended stocks from analysts are financial institutions like Bank of America (BAC) and Evercore (EVR).