AI bubble in the making? | MarketTalk: What’s up today? | Swissquote
Nvidia’s impressive Q1 results and the $11bn revenue forecast for the second quarter blew investors’ minds away.
Major US stock indices gained yesterday. The S&P500 added 0.88%, while Nasdaq 100 jumped almost 2.50%, thanks to a 24% rally in Nvidia which rocketed to a fresh-all-time high of almost $395 a share. Nvidia’s PE spiked near 220. Is this a bubble?
While the technology stocks were euphoric yesterday, the rest of the sectors were much less appetizing. US debt ceiling talks continued, there was again some optimism on the headlines, but no deal has been reached and the clock is ticking...