Paid NVIDIA Leads The Way Jan 8, 2024 2 min read paid Nvidia led the stock market higher today after the world's most valuable chipmaker announced new desktop graphics processors taking advantage of artificial intelligence. The company's stock climbed 6.4% to end at $522.53, its highest close ever (chart). Nvidia's rally boosted the PHLX Semiconductor index by 3.3%. Semiconductors and related technology companies are benefitting from the enthusiasm about AI. Is it hype? Ed Yardeni
Paid AI Driving Market Meltup Jul 18, 2023 2 min read paid Today's economic indicators were weak, but the stock market rose to yet another new bull market high boosted by better-than-expected earnings from some of the big banks. Also leading the market higher was Microsoft, which rose 4.4% to a new record high. The company introduced Copilot to its suite of Office software. The $30-per-month subscription service adds AI which can design presentations, offer writing prompts, summarize meetings, Ed Yardeni