Post by account_disabled on Dec 19, 2023 9:53:33 GMT
But a tidal wave of AIdriven spending will fuel another rally according to Wedbush. Despite a stubborn year and the Fed tech goes higher analyst Dan Ives said in a research note. Expect tech stocks stellar run to continue thanks to a looming surge in spending on AI according to Wedbush. Nvidias secondquarter earnings signaled there will be a massive rise in investment in the sector over the next to months thatll ease investors worries about the Federal.
Reserves interestrate hikes analyst Dan Ives said in a research note seen by Insider. Our thoughts despite a stubborn year and the Fed tech goes higher he wrote. The Nvidia guidance speaks to a Mobile App Development Service tidal wave of AIdriven spending on the horizon for the tech sector over the coming years Ives added. Tech stocks have soared in Nasdaq Composite index jumping yeartodate. But that rally has stalled in August due to rising US.
Treasury yields which boost bonds appeal relative to stocks as well as the lingering worry that the Fed will hold interest rates at a higher level for longer in a bid to prevent future inflation flareups. Ives predicted the slowdown this month will prove to be a temporary blip rather than a longerterm trend and pointed to profit guidance numbers published last week by Nvidia as evidence of an upcoming AI spending spree. The semiconductor giant smashed.
Reserves interestrate hikes analyst Dan Ives said in a research note seen by Insider. Our thoughts despite a stubborn year and the Fed tech goes higher he wrote. The Nvidia guidance speaks to a Mobile App Development Service tidal wave of AIdriven spending on the horizon for the tech sector over the coming years Ives added. Tech stocks have soared in Nasdaq Composite index jumping yeartodate. But that rally has stalled in August due to rising US.
Treasury yields which boost bonds appeal relative to stocks as well as the lingering worry that the Fed will hold interest rates at a higher level for longer in a bid to prevent future inflation flareups. Ives predicted the slowdown this month will prove to be a temporary blip rather than a longerterm trend and pointed to profit guidance numbers published last week by Nvidia as evidence of an upcoming AI spending spree. The semiconductor giant smashed.