S&P 500 Set to Fall, Government Mistake Could Crush Economy: Borish
Peter Borish expects stocks to drop as higher interest rates and corporate costs bite, and says he has bigger fears than a recession.
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Peter Borish expects stocks to drop as higher interest rates and corporate costs bite, and says he has bigger fears than a recession.
The company's stock jumped almost 8% to $508.41 apiece in Thursday's premarket trading, boosting its market cap to a new record of $1.25 trillion.
Nvidia keeps rising following the chipmaker's stellar second-quarter results, putting its founder on track to become of the world's 25 richest people.
"We expect Nvidia to maintain its status as the accelerated computing industry standard for the foreseeable future," Goldman Sachs said.
Billionaire investor and "Bond King" Bill Gross says AI may need to supercharge US productivity growth to justify the high price of stocks today.