Apple (NASDAQ:AAPL) closed at $259.04, down 0.42%, with trading volume at 50.2 million shares. Alphabet (NASDAQ:GOOGL) overtakes Apple in market capitalization. Apple shares down 7% in a month as investors question AI capabilities. Alphabet gains 4% in a month and 87% in six months with Gemini 3 model.

S&P 500 finished flat at 6,921, Nasdaq slipped 0.44% to 23,480. Dell Technologies fell, HP gained in comparison to Apple’s offerings. Investors will watch Apple’s AI progress and management changes closely. Alphabet leads in the AI race with Gemini 3 model, gaining 4% in a month and 87% in six months.

Investors to watch Apple’s AI progress this year. Stock Advisor’s total average return is 974% compared to S&P 500’s 196%. Join Stock Advisor to access the 10 best stocks to buy. Emma Newbery has positions in Apple. The Motley Fool has positions in and recommends Alphabet, Apple, and HP.

Read more at Nasdaq: Stock Market Today, Jan. 8: Apple Slips After Alphabet Overtakes it on Market Cap