AI Feeding Frenzy Creates A Headache But The Stock Market Is Not The Economy!

Digital Finance Analytics (DFA) Blog

Feb 24 2024 | 00:24:01

00:00 / 00:24:01

Show Notes

Sparked by Nvidia’s latest blowout earnings report, stock surge and general excitement about a “tipping point” in generative artificial intelligence, Thursday was the best day in more than a year for Wall St’s main stock indexes. And the S&P 500 and Dow Jones Industrial Average eked out another closing record high on Friday, with all three Wall Street benchmarks scoring weekly gains, with the S&P 500 up 1.7%, the Dow up 1.3% and the Nasdaq 1.4% higher, as AI stocks had enough steam to keep the rally chugging along. Nvidia advanced again on Friday, rising a further 0.4%, and briefly […]

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