Is the Party Over for Nvidia on Feb. 26? One Figure Provides a Clear Answer.
This operating performance figure (not sales or earnings per share) will tell the tale of whether or not Nvidia's parabolic run-up is sustainable.
For more than two years, the bulls have ruled the roost on Wall Street. The mature stock-powered Dow Jones Industrial Average, benchmark S&P 500, and innovation-inspired Nasdaq Composite have all vaulted to numerous record-closing highs.
Although upside catalysts have been abundant and include the likes of Donald Trump's return to the White House and better-than-expected corporate earnings, nothing has propelled Wall Street's major stock indexes higher quite like the artificial intelligence (AI) revolution.
According to the analysts at PwC, AI is a $15.7 trillion addressable market by 2030. Empowering AI software and systems with the ability to reason, act, and evolve without human intervention gives this technology global reach.
