This Dubious Milestone Might Be Nvidia's Biggest Red Flag to Date -- Should Investors Be Worried?
Wall Street's artificial intelligence (AI) darling has a conviction problem from its biggest supporters.
For more than three decades, investors have consistently had one or more game-changing innovations or trends to capture their attention at any given time. Though stock-split euphoria played a decisive role in lifting the valuations of some of Wall Street's most-influential businesses in 2024, it's the emergence of artificial intelligence (AI) that's captivated the capital and imagination of the investing community for more than two years.
In its simplest form, AI empowers software and systems with the ability to make split-second decisions without human oversight. The application of this technology is so broad-reaching that the analysts at PwC believe it'll add $15.7 trillion to the global economy by the turn of the decade.
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