Posted 2/17/2024, 11:07:20 AM
Bitcoin and Tech Stocks Soar to New Highs, Triggering Bubble Worries
- Bitcoin surges past $50,000 after SEC approves first spot Bitcoin ETF, hitting $1 trillion market cap
- Nvidia surpasses Amazon and Alphabet to become 3rd largest U.S. company after Apple and Microsoft
- Inflation reports prompt investors to question if bull market has extended too far
- Analyst likens Palantir to Messi and Nvidia CEO as "Godfather of AI", forecasts $1 trillion AI investment in 10 years
- "Magnificent Seven" tech giants stock gain triggers bubble concerns according to Bank of America strategist