AI's Impact on Stock Market: Lessons Learned and Record Performances.
TL;DR Summary
The surge in Nvidia's stock price due to the demand for AI-related chips reinforces the rule of "not fearing momentum" for traders, according to Kevin Dempter, an analyst at Renaissance Macro Research. However, he advises caution due to overbought conditions and market concerns, including the possibility of a bubble in AI-related stocks. Despite this, Dempter recommends staying long on tech and sticking with the leaders while embracing improving trends in the sector.
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- Jensen Huang is the 'moat around Nvidia', says Jim Cramer on the stocks record performance CNBC Television
- Stocks making the biggest premarket moves: Nvidia, Best Buy, Snowflake, Carnival and more CNBC
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