“Is Nvidia today’s Cisco? It’s possible. If so, then it has a lot more upside before it crashes — if it crashes.”
Is it possible that the meltup phase of the bull market (which started on Oct. 12, 2022) has begun already — having started following the correction low on Oct 27, 2023? Yes, it is possible. Since that recent low, investors have become much less concerned about such adverse macro issues as a recession, higher interest rates, persistent inflation, and the federal government’s deficit. Instead, they are excited about the likelihood that the U.S. Federal Reserve will cut interest rates this year as inflation continues to subside. They are also exuberant about the potential impact of artificial intelligence (AI) on the earnings of technology companies.
Their exuberance for AI started when OpenAI introduced ChatGPT on Nov. 30, 2022 …
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“Is Nvidia today’s Cisco? It’s possible. If so, then it has a lot more upside before it crashes — if it crashes.”
Is it possible that the meltup phase of the bull market (which started on Oct. 12, 2022) has begun already — having started following the correction low on Oct 27, 2023? Yes, it is possible. Since that recent low, investors have become much less concerned about such adverse macro issues as a recession, higher interest rates, persistent inflation, and the federal government’s deficit. Instead, they are excited about the likelihood that the U.S. Federal Reserve will cut interest rates this year as inflation continues to subside. They are also exuberant about the potential impact of artificial intelligence (AI) on the earnings of technology companies.
Their exuberance for AI started when OpenAI introduced ChatGPT on Nov. 30, 2022 …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]