AI rally fizzles
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Nvidia CEO Jensen Huang's rejection of the AI bubble narrative seemed to reassured investors initially, but their concerns couldn't be repressed for long.
CoreWeave generated $1.36 billion in third-quarter revenue and reported a revenue backlog exceeding $55 billion, which is more than 10 times its current annualized revenue, providing multiyear visibility into contracted demand. When execution stumbles meet unlimited demand, patient investors get the best entry points.
AI developers’ ambitious spending plans and rapid user adoption indicate the global rally in their stocks will persist despite bubble concerns, according to Fidelity International.
"Don't just sell because of the bubble," the legendary hedge fund manager said. Stocks soared on Thursday amid renewed confidence in the AI trade.
The artificial intelligence (AI) boom has impacted several industries, but tech companies like NVIDIA Corp. (NASDAQ:NVDA) are rewarded handsomely. Companies are investing millions into the AI sector,
Emerging-Asian equities tumbled, heading for their worst week since April, as concerns over stretched valuations in the artificial intelligence sector weighed on the region’s tech-heavy markets.
Hardware firms have been the big AI winners, but Goldman flags a handful of stocks that could be the top beneficiaries of AI-fueled productivity gains.
Nvidia's Q3 earnings report states that all Nvidia AI cloud GPUs are sold out. In today's video, I discuss recent updates affecting Nvidia ( NVDA 1.06%) and other artificial intelligence stocks. To learn more, check out the short video, consider subscribing, and click the special offer link below.
Crude’s decline came after Ukrainian President Volodymyr Zelenskiy agreed to work on a peace plan, raising the likelihood of Russian energy re-entering into global supply. However, the decline also came as US sanctions on two Russian oil giants took effect today.