Since the beginning of the artificial intelligence craze, Nvidia's stock price has soared like a rocket. Last week, Nvidia's stock price continued to soar after the announcement of its eye-catching Q1 financial results, reaching a new record high.
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(After the market close on May 22, EST), $NVIDIA (https://t.co/MMWkZnwu16)$, known as "the most important stock on earth", will announce its results. On the same day, the Federal Reserve will release the minutes of its monetary policy meeting.
#NVDA, the No. 1 US stock market by trading volume, closed down 3.33% on Wednesday, falling below US$800 again, with a turnover of US$41.556 billion. Nvidia is preparing to acquire Israeli artificial intelligence startup Run:ai for about $700 million in the coming days.
History is full of examples of investors waiting to find the absolute low and missing out, so if you have funds to deploy, now is a good time to start adding exposure. It's a fascinating market, and the worst thing for an investor to do is to hold it entirely in cash.
The gains of the "Big Seven" in technology stopped in March, rising only 1.6% weighted by market capitalization. However, cyclical industries performed well, with energy and finance rising nearly 12% in the first quarter, and market breadth indicators improving significantly.
The so-called "Buffett indicator" is the value obtained by dividing the total market value of all actively traded U.S. stocks (Wilshire 5000 Index) by the latest quarter's gross domestic product (GDP).
Warren Buffett's favorite market indicator has surged to a two-year high of 184%, signaling that stocks are overvalued and could be in for a devastating crash.
If corporate earnings disappoint, the rally that has propelled U.S. stocks to new records this year will stall. The stock market rally over the past five months has been driven by easier financial conditions and higher valuations, rather than improving fundamentals.