The Resurgence Of The A.I. Trade - Market Outlook (Ep. 12)
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The Resurgence Of The A.I. Trade - Market Outlook (Ep. 12)
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About this listen
Last week in the stock market was marked by the resurgence of the AI trade, led by primarily by stocks like Nvidia and Oracle. Ther were some early-week jitters, but we had a strong finish late in the week, espoecially for tech stocks. We also saw a big drop and recovery for Nike, Micron beat on earnings, we had cooler-than-expected CPI data boosting sentiment, and we got a bit of corporate drama with Warner Bros. rejecting Paramount's bid, while cannabis stocks reacted to a Schedule III reclassification, and tech M&A activity picked up with IBM aquiring Confluence. Also, gold and silver neared record highs, while Bitcoin remained volatile but within a range.
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