BREAKING: Nvidia, $NVDA, officially hits a record market cap of $1.5 trillion and is now up 27% in 2024
Over the last 3 weeks, Nvidia has added $320 billion in market cap. Since the October 2023 low, Nvidia's market cap is up nearly $600 billion. The stock is also just 6% away from surpassing Amazon as the 5th largest public company in the world. Just 2 years ago, Nvidia had a market cap of $300 billion. Source: The Kobeissi Letter
Artificial Intelligence's Tech Innovation Cycle
by Visual Capitalist
OpenAI CEO Sam Altman is not only one of the most powerful people in the world right now.
He's also one of the best angel investors and entrepreneurs. Source: CB Insights thru Linas Beliūnas
A new all-time-high for Nvidia $NVDA up +6.4% on the day
The chart looks rather bullish with an ascending triangle breakout as the weekly MACD begins to cross to the upside... The big news of the day was Nvidia planning to begin mass production of its AI chips designed for China that comply with U.S. export rules starting in Q2 - Reuters Source chart: Jake Wujastyk
The AI investing ecosystem
Eric | AI & Tech Investing @AITechInvesting
The tech and AI trade is very crowded. The net long positioning on the Nasdaq 100 by asset managers and leveraged funds is at a record high
Source: Haver Analytics, Rosenberg Research
Breaking down the AI semiconductor ecosystem:
While $NVDA gets most of the attention, AI is additive to most of the semiconductor industry. Source: Eric AITechInvesting
Some guys never rest...
Gemini AI
