Posted 2/23/2024, 6:39:00 PM
Nvidia Earnings Boost AI Stocks to New Highs, But Bubble Concerns Lurk
- Nvidia makes AI-enabling chips and reported strong earnings, sparking stock market rallies to new highs globally
- Investors are excited about surging demand for AI infrastructure and expect an economic productivity boom
- Tech giants like Nvidia and "Mag 7" firms now make up a huge part of stock indices, raising bubble concerns
- Factors supporting further AI stock gains include room for growth and more AI breakthroughs
- Potential halt to rally includes conflicts escalating inflation, assets becoming overvalued, or investors panicking