CNBC's "Fast Money" Big Tech’s Moment Of Truth As Nvidia Climbs… And Next Move For Rates Description 10/25/24
Oct 25, 2024
Sven Henrich, Founder of Northman Trader, dives into the soaring success of Nvidia, now trading close to all-time highs and briefly overtaking Apple in market cap. He discusses the upcoming Big Tech earnings as a pivotal moment for the AI sector. The conversation also touches on the intricate relationships between tech giants like Google and Amazon, fiscal policies affecting market sentiments, and the implications of rising interest rates on investments. Expect insights on market corrections and emerging opportunities in tech.
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Episode notes
AI Trade's Moment of Truth
- Big tech earnings are a moment of truth for the AI trade.
- Nvidia's high valuation depends on robust spending by other tech companies.
AI Trade Confirmation
- The key question is whether big tech earnings will confirm the AI trade's robustness.
- Nvidia's performance is tied to its clients' spending on AI.
Nvidia Investment Strategy
- Steve Grasso missed buying Nvidia at a lower price.
- He is now waiting for a market downturn to buy.