Written by: Tony Genua and Jonathan Lo | AGF
Recently, the stock that is on everyone’s mind and which seems to permeate every client conversation is Nvidia. And for good reason – Nvidia’s results in the 3rd week of May were probably the most anticipated quarterly earnings of the entire season.
Nvidia has been called by Goldman Sachs “the most important stock on planet Earth” – and we would agree with this title, given the company’s influential weighting on indices (it briefly passed Apple as the 2nd largest weight on the S&P 500 Index) and its status as the bellwether stock for all things artificial intelligence (AI).
The following insight discusses the current landscape for the stock, as well as what the future could hold for the stock utilizing the 1990's technology bubble as a comparative.
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