"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."
The S&P 500, Dow, and NASDAQ opened lower as markets awaited Nvidia earnings due Wednesday after the bell. Nvidia disclosed $500 billion in combined orders for 2025 and 2026, fueling expectations for continued growth. Major cloud and tech companies are increasing capital expenditures sharply, with announced 2025 capex figures in the tens of billions and large planned increases for 2026. Top analysts are broadly bullish, dismissing the idea of an AI bubble and expecting long-term, outsized benefits from AI investments. Consensus estimates call for Nvidia EPS of $1.25 on $54.83 billion in sales and guidance near $61.88 billion for the next quarter.
Read at 24/7 Wall St.
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