These Are the 3 Ingredients Needed to Fuel the Next Stock Market Bubble
"The hype around AI risks creating the second tech bubble in just three years. However, there are no signs of 'absolute insanity' in stocks."
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"The hype around AI risks creating the second tech bubble in just three years. However, there are no signs of 'absolute insanity' in stocks."
The key to Nvidia's success is its full-stack platform that combines both the hardware and software necessary for generative artificial intelligence.
"Most despicable is that the bull has the chutzpah to charge ahead when almost everyone agrees a recession is coming any day now," Ed Yardeni said.
"Yesterday's rebound gives the S&P 500 a better chance of confirming last week's breakout above cloud-based resistance [of] 4,155," Stockton said.
The bank upgraded its S&P 500 2023 earnings per share estimate to $215 from $200 due to first-quarter earnings strength.