"The financial services company, in a note to investors this week, said that it believes the AI story is just getting started - and the investments that seem huge today will be dwarfed by the benefits AI will deliver."
"AI is presenting opportunities not fully appreciated or understood yet,"
"AI itself is not a bubble. That's a crazy concept... We are on the precipice of a major, major revolution in a way that companies operate."
"We continue to believe that concerns over an AI bubble bursting are overblown...at least for now. We remain buyers of AI-related stocks on share price weakness, but [we're] waiting for either an upside NVDA surprise or more washed-out technical to become more aggressive buyers."
U.S. markets are modestly higher in premarket trading, with the S&P 500 up about 12 points, SPY up about two points, the Dow up 38 points, and the Nasdaq up about 74 points. Analysts expect Nvidia to report $1.25 EPS on $54.83 billion in sales, a 56% year-over-year jump, and guidance of $61.88 billion for the next quarter. Some express concern about an AI bubble, but major financial firms and research outfits view AI adoption as a long-term opportunity rather than a short-term bubble. Stifel reiterated a buy and raised its price target to $250, citing substantial multi-hundred-billion-dollar order books for upcoming infrastructure.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]