Posted 1/23/2024, 5:21:29 PM
Nvidia and Microsoft Stocks Soar on Booming AI Investments, Tech Earnings Eyed for Guidance on Growth Runway
- Nvidia and Microsoft saw stock prices jump due to investments in AI, dominating the S&P 500
- Their earnings outcomes can have major sway over the broader market
- Tech earnings could see a "sell the news" reaction but guidance will be key
- Nvidia CEO says they're in the 2nd or 3rd inning of growth despite already doubling revenue
- There is still a long runway for these tech giants to deliver more outsized returns